How do commercial banks mobilise funds from the public?
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●A commercial bank is where most people do their banking, as opposed to an investment bank.
●Commercial banks make money by providing loans and earning interest income from those loans.
●However, the interest rate paid by the bank on money they borrow is less than the rate charged on money they lend.
jasreetkaur1301:
Can it be overdraft facilities, outright loans, cash credit and discounting bills of exchange?
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Commercial banks accept deposit in the form of money and give to the person u desired and charge interest.....
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