Describe The Nature Of Commercial Banks?

1.	Describe The Nature Of Commercial Banks?
Answer» Commercial Banks are the organizations which cater certain financial TRANSACTIONS. Its aim is to EARN PROFIT. Transactions are socially and LEGALLY approved. Responsible for customer deposits in the bank. Established and operated under the control of central bank of a NATION.

Answer»

Commercial Banks are the organizations which cater certain financial TRANSACTIONS.
Its aim is to EARN PROFIT.
Transactions are socially and LEGALLY approved.
Responsible for customer deposits in the bank.
Established and operated under the control of central bank of a NATION.

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