Economy, asked by sudhanshur529, 6 months ago

which is common man's bank?
a) commercial bank.
b) central bank .
c) A and B both.
d) none of these.​

Answers

Answered by nandanipaul123
5

Explanation:

✳Answer✳

✳a) commercial bank.✳

Answered by 27swatikumari
0

a) commercial bank

What is a Commercial Bank?

A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.

Functions of a Commercial Banks:

(a) Primary functions

  1. Accepts deposit
  2. Provides loan and advances
  3. Credit cash

(b) Secondary functions

  1. Discounting bills of exchange
  2. Overdraft facility
  3. Purchasing and selling of the securities
  4. Locker facilities
  5. Paying and gathering the credit

Therefore, commercial bank is common man's bank

To know more about commercial bank  , use the given links:

https://brainly.in/question/257549

https://brainly.in/question/19292536

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