Which of the following is not a characteristic of a commercial bank?
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Correct Answer: Option C
Explanation:
Issuing bank notes is a function of the central bank rather than a normal function of commercial banks. Commercial banks are generally established to provide banking services such as accepting deposits and granting loans, with profit-making as an important objective.
Issuing bank notes is a function of the central bank rather than a normal function of commercial banks. Commercial banks are generally established to provide banking services such as accepting deposits and granting loans, with profit-making as an important objective.