Question

The bankers bank is known as 10th​

Answer 1

Since all commercial banks keep deposit accounts with the Central Bank, the Central Bank is in a position to act as clearing house for commercial banks. ... Now bank 'A' draws a cheque in favour of bank 'B' for` 10 lakhs only on the central bank of the country, where all commercial banks have their accounts.

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Answer 2

Answer:

Bankers Bank is also known as Mother Bank and Reserve Bank of India.

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