1.

State two agency functions of a commercial bank.

Answer»

Two agency functions of a Commercial Bank: 

1. Collection and Making payments for credit Instruments—The bank collects the payment of the bills of exchange, promissory notes, cheques, etc. on behalf of its customers. 

2. Collection of Dividend—The bank collects the dividends, and interests on shares and debentures as per instructions of its customers.



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