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One of the functions of the commercial banks is that it is?

One of the functions of the commercial banks is that it is?
  • A.
    responsible for monetary policy
  • B.
    responsible for issuing currency notes
  • C.
    the lender of last resort
  • D.
    the banker of the government
  • E.
    a banker of demand and time deposits of customers
Correct Answer: Option E
Explanation