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Functions of Commercial Banks Explained by Anusha Rao is a document available to read on EtoBox.

Banks perform several important functions: 1. They accept deposits from customers and channel those funds into lending activities like loans. This connects those with excess funds and those with deficits. 2. Banks make loans through various types of accounts and instruments like overdrafts, money markets loans, term loans and more. They also facilitate transactions through check and wire services. 3. A unique function is credit creation - when banks issue loans, they essentially create new money in the ec

Author

Anusha Rao

Language

EN