central bank does not accept deposit from customers whiles commercial bank does.
central bank is responsible for issuing of currencies whiles commercial bank does not.
central bank is accountable to the government whiles commercial bank is accountable to the share holders.
central bank is not set up for profit but commercial bank is set up for profit.
central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation.
central bank formulate monetary policies whiles commercial bank does not.
There are certain basic differences between a central bank and a commercial bank. They are:
(i) The central bank is the apex monetary institution, which has been specially empowered to exercise control over the banking system of the country. The commercial bank, on the contrary, is a constituent unit of the banking system.
(ii) The central bank does not operate with a profit motive. The primary aim of the central bank is to achieve the objectives of the economic policy of the government and maximise the public welfare through monetary measures. The commercial banks, on the other hand, have profit earning as their primary objective.
(iii) The central bank is generally a state-owned institution, while the commercial banks are normally privately owned institutions.
(jv) The central bank does not deal directly with the Public. The commercial banks, on the contrary, directly deal with the public.
(v) The central bank does not compete with the commercial banks. Rather it helps them by acting as the lender of the last resort.
(vi) The central bank has the monopoly of note-issue, whereas the commercial banks do not enjoy such right.
(vii) The central bank is the custodian of the foreign exchange reserves of the country. The commercial banks are only the dealers in foreign exchange.
(viii) The central bank acts as the banker to the government, the commercial banks act as bankers to the general public.
(ix) The central bank acts as the bankers' bank : (a) The commercial banks arc required to keep a certain proportion of their reserves with central bank ; (b) the central bank helps them at the time of emergency ; and (c) the central bank acts as the clearing house for the commercial banks. But, the Commercial banks perform no such function.
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
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in a federal government, the power is divided between the central and local governments.
the chinese need it
The differences between mercantilism and cameralism are highlighted by the varying political realities in Western and Central Europe.
cell wall, central vacuole, and chloroplasts
Allies and central powers are so kool and if u dont know then u are so stupid!!!! :) LOSER!!!!
what is the function for central canal
The nervous system is all parts of the system while the Central Nervous system is composed of the brain and the spinal cord which contains your central nerves.
Ir al central commercial is Spanish for "go to the mall".
Iloilo Central Commercial High School was created in 1912.
"Central idea" functions as a noun.