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What is the role of commercial banks?

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks.

What is the difference between commercial and retail banks?

In addition to primary functions, commercial institutions offer services like trade finance, corporate loans, cash management, treasury management facility, agency services, and overdraft facility. In comparison, retail banks offer services like mortgage loans, savings and checking accounts, line of credit, debit cards, and credit cards.

What are the secondary functions of commercial banks?

Along with core products and services, commercial banks perform several secondary functions. The secondary functions of commercial banks can be divided into agency functions and utility functions. Agency functions include:

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