The most important function of a commercial bank is ___________.

accepting deposits

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advancing loans

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credit creation

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all of the above

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Solution

The correct option is D all of the above
Deposits made by the consumers or public deposits are used by the banks for the function of granting loans. Credit creation is nothing but the power of commercial banks to expand deposits through loans, investments and advances.

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The most important function of a commercial bank is ___________.

The correct option is D all of the aboveDeposits made by the consumers or public deposits are used by the banks for the function of granting loans. Credit creation is nothing but the power of commercial banks to expand deposits through loans, investments and advances.

The correct option is D all of the above
Deposits made by the consumers or public deposits are used by the banks for the function of granting loans. Credit creation is nothing but the power of commercial banks to expand deposits through loans, investments and advances.