What is the alternative name for commercial banks?

Joint stock banks

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Joint stock companies

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Joint owner banks

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Joint credit banks

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Solution

The correct option is A
Joint stock banks

Commercial banks are also called ‘Joint stock banks’ because they are organised in a manner similar to joint stock companies.

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On what basis do commercial banks create credit?

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

The central bank controls credit but commercial banks create credit. State true or false.

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