Question

state any four merits of borrowing from commercial bank​

Answer 1

Answer:

Commercial banks provide short term financial assistance, by way of:

• Providing, ordinary types of loans.
• Providing an overdraft facility.
• Giving cash credit.
• Making cash payment of bills of exchange.
• Purchase of shares and debentures.
• Providing a guarantee.
• Providing loans against mortgages, etc.

Answer 2

Commercial banks provide short term financial assistance, by way of:

• Providing, ordinary types of loans.
• Providing, ordinary types of loans.Providing an overdraft facility.
• Providing, ordinary types of loans.Providing an overdraft facility.Giving cash credit.
• Providing, ordinary types of loans.Providing an overdraft facility.Giving cash credit.Making cash payment of bills of exchange.
• Providing, ordinary types of loans.Providing an overdraft facility.Giving cash credit.Making cash payment of bills of exchange.Purchase of shares and debentures.
• Providing, ordinary types of loans.Providing an overdraft facility.Giving cash credit.Making cash payment of bills of exchange.Purchase of shares and debentures.Providing a guarantee.
• Providing, ordinary types of loans.Providing an overdraft facility.Giving cash credit.Making cash payment of bills of exchange.Purchase of shares and debentures.Providing a guarantee.Providing loans against mortgages, etc