One of the functions of commerical banks that cannot be performed by central banks is
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Correct Answer: Option B
Explanation:
Commercial banks are financial institutions which accept deposits and other valuables from the public for safekeeping with the sole aim of making profit. One of the functions of commercial banks is the acceptance of deposit and lending to customer etc.
Commercial banks are financial institutions which accept deposits and other valuables from the public for safekeeping with the sole aim of making profit. One of the functions of commercial banks is the acceptance of deposit and lending to customer etc.