Difference between Central Bank and Commercial Banks
| Central Bank | Commercial Bank | |
| 1 | It does not accept deposit from the public | They accept deposits from the public |
| 2 | It formulates and executes monetary policies. | They do not formulate monetary policies |
| 3 | Central bank is owned by the government. | They are usually owned by the public or government |
| 4 | It is accountable to the federal government. | They are accountable to shareholders |
| 5 | It manages the national debt | They do not manage national debt |
| 6 | It is responsible for issuing of currency. | They do not issue currency |
| 7 | Only one central bank exists in a country. | Many commercial banks exist in a country |
| 8 | It is not set up to make profit | They are set up to make profit |
| 9 | It serves as banker to the banks and governments | They serve as bankers to individuals and institutions |
| 10 | It is establishment by Act of parliament | They are established by incorporation |
The central bank is completely involved in both the money and capital market. It makes money available to other institutions involve in both money and capital markets as a lender of last resort. This means that the commercial banks and other institutions involved in money and capital markets can go to the central bank to raise loan when they are short of money or when they have financial difficulties.
- economic tools for nation building
- factors affecting the expansion of industries
- bud
- mineral resources and the mining industries
- demand and supply
- types of demand curve and used
- advertising industry
- factors of production
- entrepreneur
- joint stock company
RINDER PESTS
148. NEWCASTLE DISEASE
149. BACTERIA DISEASES
150. ANTHRAX
151. BRUCELLOSIS
152. TUBERCULOSIS
