Economy, asked by arjungangwani72, 3 months ago

I am sure no-one can answer this question perfectly.
Define Commercial Bank.Explain it's features?(For 6 Marks)

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Answered by LALAYS

Answer:

A commercial bank is a kind of financial institution which carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making institutions and do business only to make a profit. This is about Commercial bank.

arjungangwani72: okay

LALAYS: hmm

arjungangwani72: I only know that this is the bigger answer of 1 page.

LALAYS: will you delete my answer plz

LALAYS: plz plz plz

arjungangwani72: No I am not able to delete it

LALAYS: oh ok then

arjungangwani72: I have reported this answer and brainlist will delete this answer.

LALAYS: ok thxs bye

arjungangwani72: where are you from?

Answered by sajal09

Answer:

Some features of commercial banks are..

Accepting Deposits: Banks attract the idle savings of people in the form of deposits.

Demand deposits, also known as current accounts

Fixed Deposits or Time Deposits

Savings Bank Deposits

Giving Loans

By allowing an Overdraft

By Creating a Deposit

Discounting Bills

arjungangwani72: Not the perfect answer

sajal09: Okay..

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I am sure no-one can answer this question perfectly.Define Commercial Bank.Explain it's features?(For 6 Marks)​

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I am sure no-one can answer this question perfectly.
Define Commercial Bank.Explain it's features?(For 6 Marks)