Question

Which of the following is a function of commercial bank ?

• A. Accepting deposits
• B. Issuing currency
• C. Acting as govt's bank
• D. Functions as lender of last resort

Answer 1

Answer:

A. Accepting deposits

• Issuing currency, acting as the government's bank, and functioning as the lender of last resort are roles performed by a central bank, not commercial banks. Commercial banks primarily deal with accepting deposits from the public and providing loans.