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What Are Commercial Banks? |
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Answer» The Banks which perform all kinds of banking business and GENERALLY FINANCE trade and commerce are called commercial banks. Since, their deposits are for a short period, these banks normally advance short term loans to businessmen and TRADERS and avoid medium and LONG term and long term lending. The Banks which perform all kinds of banking business and generally finance trade and commerce are called commercial banks. Since, their deposits are for a short period, these banks normally advance short term loans to businessmen and traders and avoid medium and long term and long term lending. |
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