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| 1. |
Explain any three merits and three limitations of commercial bank |
| Answer» <html><body><p><strong>Answer:</strong></p><p>advantage is commercial banks' ability to provide low prices. They <a href="https://interviewquestions.tuteehub.com/tag/act-1106" style="font-weight:bold;" target="_blank" title="Click to know more about ACT">ACT</a> <a href="https://interviewquestions.tuteehub.com/tag/like-1073845" style="font-weight:bold;" target="_blank" title="Click to know more about LIKE">LIKE</a> wholesale companies buying in bulk and selling at a discount. Most commercial banks will not <a href="https://interviewquestions.tuteehub.com/tag/charge-914384" style="font-weight:bold;" target="_blank" title="Click to know more about CHARGE">CHARGE</a> fees to open or maintain checking and savings accounts, and their real estate loans are usually offered at low interest rates.</p><p></p><p>disadvantages <strong>are</strong><strong>.</strong><strong>.</strong><strong>.</strong><strong>.</strong><strong>.</strong></p><p><strong>In a word: cost. Commercial banking or business accounts are often more expensive than traditional bank accounts. Banks may charge fees for <a href="https://interviewquestions.tuteehub.com/tag/night-1117948" style="font-weight:bold;" target="_blank" title="Click to know more about NIGHT">NIGHT</a> deposits, for processing a certain <a href="https://interviewquestions.tuteehub.com/tag/number-582134" style="font-weight:bold;" target="_blank" title="Click to know more about NUMBER">NUMBER</a> of checks and for the payroll services</strong></p><p><strong>Explanation:</strong></p><p>HOPE it HELPS you...</p><p>MARK me as branlist ❤❤</p><p></p></body></html> | |