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Describe the relationship between the Central bank and the commercial banks
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Describe the relationship between the Central bank and the commercial
banks

User Yuriy Guts
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14 votes
The central bank is charged with the responsibility of monitoring and regulating the activities of the commercial banks and minting of money while commercial banks are responsible for disbursement of the minted money to the public and for running of day-to-day transactions.
User Hugemeow
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17 votes

Answer:

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.

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User MazMat
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