Describe The Other Types Of Banks?

1.	Describe The Other Types Of Banks?
Answer» Central banks are normally government owned and assigned with regulatory RESPONSIBILITIES, such as supervising COMMERCIAL banks or controlling the cash interest rates etc. Islamic Banks are ESTABLISHED in ACCORDANCE of concepts of Islamic Law. This FORM of banking revolves around several well established principles based on Islamic canons. Central banks are normally government owned and assigned with regulatory responsibilities, such as supervising commercial banks or controlling the cash interest rates etc. Islamic Banks are established in accordance of concepts of Islamic Law. This form of banking revolves around several well established principles based on Islamic canons.

Answer»

Central banks are normally government owned and assigned with regulatory RESPONSIBILITIES, such as supervising COMMERCIAL banks or controlling the cash interest rates etc.

Islamic Banks are ESTABLISHED in ACCORDANCE of concepts of Islamic Law. This FORM of banking revolves around several well established principles based on Islamic canons.

Central banks are normally government owned and assigned with regulatory responsibilities, such as supervising commercial banks or controlling the cash interest rates etc.

Islamic Banks are established in accordance of concepts of Islamic Law. This form of banking revolves around several well established principles based on Islamic canons.

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