Question

Which of the following is not a a function of the forgien exchange department of a commercial bank

Answer 1

Answer:

A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.

Answer 2

Issuing of Notes is not the function of a Commercial Bank.

Function of Commercial Banks

The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

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