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Banking Homework Help


Bank is the term for an institution that deals in money. Banks are categorized under two main categories: Commercial banks and Central banks.

Commercial Banks:- Commercial banks are the institution that make short-term loan to business and in the process to generate money.
Characteristics of commercial banks are that they deals in receiving deposit and lending the money and they aims at profit earning.

Functions of Commercial Banks are

 

PRIMARY FUNCTIONS

Receiving deposits


The initial function of commercial banks is to take deposit from people that can not make investments of their saving to get profit. To take saving of community bank and offer following types of deposit account:

 

Advancing loans

 

SECONDARY FUNCTIONS

Agency functions

General utility features

 

CENTRAL BANK: It is the pinnacle financial institution of a country monetary system. It controls the nation's monetary policy.

Functions of central Bank


Few of the Economics Topics covered by us

  • Economic Profit
  • Economic Rent
  • Elasticity Of Demand
  • Factors of Production
  • Fiscal Policy
  • Instruments Of Monetary Policy
  • Interest
  • Means of Production
  • Monetary Policy
  • Monopoly
  • National Income
  • Price Discrimination
  • Producer Surplus
  • Product Decision
  • Production Possibility Frontier
  • Relationship between Total Cost, Total fixed Cost and Total variable Cost
  • Unemployment

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