MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Introduction to Banking

Mention one m...

Question

Mention one main difference between a central bank and a commercial bank.

Open in App

Solution

The central bank has sole monopoly in note issue, whereas, this power is not enjoyed by a commercial bank.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State five differences between the Central Bank and a Commercial Bank.

Q. State with reasons whether you agree or disagree with the following statements.
There is no difference between central bank and a commercial bank.

Q. State any three points of distinction between Central Bank and Commercial Banks.

State any three points of distinction between the Central Bank and Commercial Banks.

Q. The central bank works as a friend, philosopher and guide to commercial banks.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Banking

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Introduction to Banking

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon