write four points differences between central bank and commercial bank
Answers
Answered by
6
Answer:
Commercial banks serve individuals and businesses, while central banks serve the country's banking system. They provide money transfers back and forth between banks and governmental institutions both domestically and in cases of transactions with foreign entities.
Explanation:
I hope it's helpful for you.
Answered by
1
Answer:
Central Bank is the banker to banks, government, and financial institution,. whereas Commercial Bank is the banker to the citizens. The Central Bank is the supreme monetary authority of the country. ... The Central Bank does not exist for making a profit. , whereas commercial bank operates for making a profit for its owners.
Similar questions