Question 10
BankingWhich of the following is NOT a function of commercial bank?
- A.Issuing of currency and distribution
- B.Accepting deposits from individuals
- C.Granting of loans and advances
- D.Providing foreign exchange services
- E.Safekeeping of valuables
Show the answer and explanation
Answer: A (Issuing of currency and distribution)
Explanation
Only the Central Bank issues currency; commercial banks do the rest.