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Introduction to Banking

Mention one m...

Question

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

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Solution

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

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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.

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