What is the primary function of a commercial bank?

What is the primary function of a commercial bank?

Step 1: Understand what a commercial bank is. A commercial bank is a financial institution that offers various services to the public.
Step 2: Identify the main services provided by commercial banks. These include accepting deposits and providing loans.
Step 3: Recognize that accepting deposits means people can keep their money in the bank for safekeeping.
Step 4: Understand that providing loans means the bank gives money to people or businesses that need it, which they will pay back later with interest.
Step 5: Conclude that the primary function of a commercial bank is to manage money by accepting deposits and giving out loans.

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