What is the diffrence between central bank and comnercial bank?? In base key point...
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Answered by
5
Heya....
See here for your answer...
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Basic differences between central bank and the commercial banks are ...
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1 Meaning...
Central bank is the bank that plays a major role in economy and the act as head of bank...
Commercial banks are the common banks who accept our demand deposits and advanced loans...
2 Objective....
Central bank work with the motive of social welfare and money security...
Commercial bank has the objective only to get prosperity and profits...
3 Issuing authority...
Central bank has the authority to issue notes in the economy ...
Commercial bank can't issue notes but can supply in way of loans advancing through credit creation....
4 Status...
Central bank is an Apex of banks and served as the banker of government also...
Commercial bank work in the under of Central Bank and no mean to government....
==============
-- Be Brainly...
See here for your answer...
==================
Basic differences between central bank and the commercial banks are ...
=========
1 Meaning...
Central bank is the bank that plays a major role in economy and the act as head of bank...
Commercial banks are the common banks who accept our demand deposits and advanced loans...
2 Objective....
Central bank work with the motive of social welfare and money security...
Commercial bank has the objective only to get prosperity and profits...
3 Issuing authority...
Central bank has the authority to issue notes in the economy ...
Commercial bank can't issue notes but can supply in way of loans advancing through credit creation....
4 Status...
Central bank is an Apex of banks and served as the banker of government also...
Commercial bank work in the under of Central Bank and no mean to government....
==============
-- Be Brainly...
Answered by
1
hey mate ur ans
The Key Differences Between Central Bank and Commercial Bank. ... The financial institution which receives the deposits from people and advances them money is known as Commercial Bank.Central Bank is the banker to banks, government, and financial institution, whereas Commercial Bank is the banker to the citizens.
o hope it helps.
The Key Differences Between Central Bank and Commercial Bank. ... The financial institution which receives the deposits from people and advances them money is known as Commercial Bank.Central Bank is the banker to banks, government, and financial institution, whereas Commercial Bank is the banker to the citizens.
o hope it helps.
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