Home » Economics » one of the function of a commercial bank is that it

one of the function of a commercial bank is that it

one of the function of a commercial bank is that it
  • A.
    is responsible for formulating monetary policies
  • B.
    accepts demand and time deposits from constomers
  • C.
    is the lender of the last resort
  • D.
    is the banker of the government
  • E.
    is responsible for issuing currency notes
Correct Answer: Option B
Explanation