Distinguish between:
1. Central Bank and Commercial Bank
Basis
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Central Bank
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Commercial Bank
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Objective
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The main objective of this bank is to regulate and control the functioning of the commercial banks.
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The main objective of this bank is profit making.
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Issue of notes
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It has the exclusive right to issue currency notes and coins.
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It cannot issue currency notes and coins.
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Public dealing
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It doesn't deal with the public directly. It acts as a banker to other banks and to the government.
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It deals with the general public directly.
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