Economy, asked by ramchandran5321, 3 months ago

Sir can you tell me function of credit creation of commerica bank

Answers

Answered by sunithankamma

Explanation:

Commercial banks create credit in the form of secondary deposits. Mind, total depositsvof a bank is of two types:... In process of lending money, banks are able to create credit through secondary deposits many times more than initial deposits ( primary deposits ).

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