Fill in the blank with appropriate alternatives given below __________ is a primary function of commercial banks.

Question

KollegeApply · Accepted Answer

Accepting deposits is a primary function of commercial banks. Explanation: Accepting deposits from the general public is the basic function of a commercial bank. A portion of these deposits is then lent out by the banks to the general public as loans at some rate of interest. Other functions of commercial bank include discounting of bills, investing funds, granting loans etc.

AChoose Your Answer