Question

what is a commercial bank and central bank ? what are their objectives and services?​

Answer 1

Answer:

1)Central Bank is the banker to banks, government, and financial institution.

2) Commercial Bank is the banker to the citizens.

3)The Central Bank is the supreme monetary authority of the country.

4)On the contrary, the commercial bank does not perform such function.

Explanation:

The primary objective of the central bank is credit control and economic stability. On the contrary, the commercial banks' primary motive is to earn a profit. However, the features of commercial banks include safe deposits service, foreign exchange provision, and issuing a letter of credit.

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Answer 2

Answer:

While central bank serves the other banks along with the government, commercial banks surve the general public,including individuals and business organizations. The primary objective of the central bank is credit to control and economic stability. On the contrary, the commercial banks primary motive is to earn a profit.