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Question
We open account (s) with a commercial bank for purpose of -----
Earning interest
Safe custody of funds
Getting loan
All of these
ANSWER : 4
Descrption
<p>A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit</p> <p> </p> <p>It can also refer to a bank, or a division of a large bank, which deals with corporations or large/middle - sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks.</p>
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