State whether the following statements are TRUE or FALSE. 4. Central Bank also performs commercial banking business.

State whether the following statements are TRUE or FALSE.

4. Central Bank also performs commercial banking business.

Answer: 

4. Central Bank also performs commercial banking business. - False

Explanation:

Commercial banking business implies accepting deposits from and lending deposits to the general public. The Central bank does not deal directly with the general public and does not perform any of the commercial banking functions.

No comments: