Distinguish between:Central Bank and Commercial Bank – InterviewSolution

1.

Distinguish between:Central Bank and Commercial Bank

Answer»

Basis	Central Bank	Commercial Bank
Objective	The main objective of this bank is to The main objective regulate and control the functioning of the commercial banks.	of this bank is profit making.
Issue of notes	It has the exclusive right to issue currency notes and coins.	It cannot issue currency notes and coins
Public dealing	It doesn’t deal with the public directly. It acts as a banker to other banks and to the government.	It deals with the general public directly.

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