What are the differences between central bank and commercial bank. – InterviewSolution

1.

What are the differences between central bank and commercial bank.

Answer»

Central Bank	Commercial Bank
a) It’s a govt. bank	It’s a public bank.
b) Bank of note issue	It can’t issue currencies
c) It’s the apex bank in the banking system.	There are large number of commercial banks.
d) It controls credit in the economy	It creates credit in the economy
e) It’s main aim is the monetary management of the economy.	It’s main aim is profit earning

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