Why commercial banks are known as one of the suppliers of money?
Answers
Answered by
0
Answer:
Commercial banks are called factories of credit or manufacturer of money. ... Broadly, when a bank receives cash deposits from the public, it keeps a fraction of deposit as cash reserve and uses the remaining amount for giving loans to earn interest income.
hope it helps u
Answered by
2
Answer:
Commercial banks are called factories of credit or manufacturer of money. ... Broadly, when a bank receives cash deposits from the public, it keeps a fraction of deposit as cash reserve and uses the remaining amount for giving loans to earn interest income.
mark me as brainlist follow
Similar questions