MCQ
Which one is the Bank of the Public?
- ACommercial Bank
- BCentral Bank
- CBoth commercial and central bank
- DSBI
✓
Answer
(a) Commercial Bank
Explanation: A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit so, the commercial bank is the bank of the public.
Explanation: A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit so, the commercial bank is the bank of the public.
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