Economy, asked by vkapoor102004, 10 months ago

what are distinctive features of commercial banks

Answers

Answered by Anonymous

17

Answer:

★ Commercial banks are setup with the aim of making profit.

★ Commercial banks accept money deposits and other valuables from customers.

★ Commercial banks provide loans for individuals and businesses.

Answered by boldgirl06

1

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products. Commercial banks accept deposits from customers with the aim of using such money to do business or serves as loan to other people with the aim of making profit.

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