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Functions of central bank and money creation by commercial bank or credit creation

User Pevik
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23 votes

They are both the same

Explanation A central bank is a banker's bank. It is normally part of or connected to the government of a country and manages the country's financial system. A commercial bank provides banking services to businesses, institutions and some individuals. The money it takes in from its customers is deposited at its local central bank.

User Gjeltema
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