what is central bank and commercial bank roles
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A central bank is an independent national authority that conducts monetary policy, regulates banks, and provides financial services including economic research. Its goals are to stabilize the nation's currency, keep unemployment low, and prevent inflation.
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Central Bank is the banker to banks, government, and financial institution, whereas Commercial Bank is the banker to the citizens. The Central Bank is the supreme monetary authority of the country. As against this, the commercial bank does not have such authority and powers.
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