Economy, asked by navyakanugula384, 10 months ago

What is difference between central bank and commercial bank?

Answers

Answered by Omah

Answer:

Central Bank is like known well approved bank by the government like First Bank of Nigeria.

While commercial bank is more or less a Microfinance Bank, which is owned by an individual and can be closed down anytime either by the owner or government.

Explanation:

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