The difference between the central bank and commercial bank is that the former
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Correct Answer: Option A
Explanation:
The central bank differs from a commercial bank because it serves as the lender of last resort to the banking system. It also performs functions such as issuing currency, controlling monetary policy and acting as banker to the government and other banks.
The central bank differs from a commercial bank because it serves as the lender of last resort to the banking system. It also performs functions such as issuing currency, controlling monetary policy and acting as banker to the government and other banks.