1. Commercial Banks:
These banks play the most important role in modern economic organisation. Their business mainly consists of receiving deposits, giving loans and financing the trade of a country. They provide short-term credit, i.e., lend money for short periods. This is their special feature.
2. Exchange Banks:
Exchange banks finance mostly the foreign trade of a country. Their main function is to discount, accept and collect foreign bills of exchange. They also buy and sell foreign currencies and help businessmen to convert their money into any foreign money they need. Their share in the internal trade of a country is usually small. In addition, they carry on ordinary banking business too.
3. Industrial Banks:
There are a few industrial banks in India. But in some other countries, notably Germany and Japan, these banks perform the function of advancing loans to industrial undertakings. Industries require capital for a long period for buying machinery and equipment. Industrial banks provide this type of Mock capital. Industrial banks have a large capital of their own. They also receive deposits for longer periods. They are thus in a position to advance long-term loans.
Answer:
It's a complete sentence.
Explanation:
The information can stand on its own as an independent clause.
Answer:
A!
Explanation:
took the test on EDGE2020!! :)) hope this helps!
Answer:
i neeed you to answerrr that sooo i cannnn help
Explanation:
what words are bolded
Answer:
Hey have you ever got the answer i know you posted this 2wks ago but now i really need the answer lmk if you got it pls & thank youuu
Explanation:
