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Define a commercial bank. What are the features of a commercial bank?

Asked by Topperlearning User 5th June 2015, 9:46 AM
Answered by Expert
Answer:

A commercial bank is defined as a financial institution which provides services such as accepting deposits, giving business loans, mortgage lending and basic investment products such as savings account and certificates of deposit.

Features of a commercial bank are as follows:

  1. A commercial bank deals with money, accepts deposits and advances short term loans to traders.
  2. Its main aim is to earn profit and create demand deposits which serve as a medium of exchange.
Answered by Expert 5th June 2015, 11:46 AM
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