Commercial banks are different from development banks in ...
Commercial banks are different from development banks in that the latter
Lend on short-term basis
Pay interest on current accounts only
Are mostly joint-stock companies
Do not deal in foreign currencies
Correct answer is D
Commercial bank is the bank organized to perform public utility banking services such as accepting deposits, lending of money etc. On the other hand, development bank refers to a multi-purpose financial undertaking set up to provide financial aid to the industrial and agricultural sector, to encourage development.
The difference is that raise funds from accepting deposit from the public while development banks borrow, grants and sells securities.
Budget deficit can be financed by ...
A company's expenditure on raw materials is termed as_______? ...
Fiscal policy involves changes in ...
The U-shape of the long run average cost curve can be explained by the ...
A valid explanation for real wage growth is ...
A tax is said to be good when ...
Which of the following is not a function of the West African Development Bank? ...
An increase in the circulation of money without a corresponding increase in output will lead to ...
In perfect competition, the average revenue curve of a firm is ...