how do commercial banks create deposit? explain
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Commercial bank deposits form the basis for credit creation. They accept deposits from the public by opening a deposit account known as the primary deposit. Banks do not hold the money in the account itself, and the entire amount is not withdrawn from the account at the same time.
Answered by
2
Answer:
Commercial bank deposit from the public by opening a deposit account known as primary account. Banks do not hold the money in account itself, and the entire amount is not withdrawn from account at the same time.
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