what is commercial bank and central bank.
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Commercial bank - a bank that offers services to the general public and to companies
Central bank - a national bank that provides financial and banking services for its country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.
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Central bank lends money to commercial banks and government whereas Commercial banks only lends money to the public. 4. Central bank has the power to increase or decrease the amount of credit creation whereas commercial bank has the power of credit creation.
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