One of the functions of commercial banks is
-
A.
maintaining stable price in the economy -
B.
regulating monetary policies -
C.
granting loans to customers -
D.
issuing bank notes and coins
Correct Answer: Option C
Explanation
The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.