Question

what are the function of commercial banks(write 5 short points)​

Answer 1

Explanation:

(a) Accepting Deposits:

(b) Advancing Loans:

(c) Discounting Bills of Exchange or Hundies:

(d) Transfer of Money:

(e) Miscellaneous Functions:

Answer 2

• FUNCTION OF COMMERCIAL BANK:
• The most significant and traditional function of commercial bank is accepting deposits from the public. ...
• Providing loans:
• Credit Creation:
• Transfer of funds
• The primary of a commercial bank are accepting deposits and also lending funds.
• Deposits are savings, current, or time deposits.
• Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

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