A bank that offers services to the general public and to companies.
- The potential expansionary effects of the transaction are shown as increases in the assets and liabilities of both the central bank and the commercial bank.
- This comes in the wake of the increase last week in the bank rate - the rate at which the country's central bank lends to commercial banks.
- If government spending is financed by borrowing from commercial banks, it means credit expansion and inflation.
Definition of commercial bank in:
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