The important of a commercial bank is ___________.accepting depositscredit creationadvancing loansall of the above (2024)

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A

advancing loans

B

accepting deposits

D

credit creation

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Solution

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Deposits made by the consumers or public deposits are used by the banks for the function of granting loans. Credit creation is nothing but the power of commercial banks to expand deposits through loans, investments and advances.

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The important of a commercial bank is ___________.accepting depositscredit creationadvancing loansall of the above (2024)
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