kiverure
kiverure kiverure
  • 03-03-2021
  • Business
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differentiate between Central Banks and other banks​

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questions0204
questions0204 questions0204
  • 03-03-2021

Commercial banks serve individuals and businesses, while central banks serve the country's banking system. They provide money transfers back and forth between banks and governmental institutions both domestically and in cases of transactions with foreign entities.

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