Economy, asked by jainekta853, 21 days ago

Why commercial banks are known as one of the suppliers of money?

Answers

Answered by SrishtiRajput5937

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.

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Answered by honey6535

Answer:

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