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.
Economic problems arises because ...
The sign of the slope of a graph in economic analysis is important because it ...
A country's terms of trade can be improved by ____? ...
A major assumption in a perfectly competitive market is that ...
One of the techniques for rectifying a deficit balance of payment is ...
The income elasticity of a normal good is ...
The negative effects of mining in West Africa does not include? ...
One of the factor that may not promote industrial development is ...