The difference between the central bank and commercial bank …

JAMB Commerce 2023 48 views

The difference between the central bank and commercial bank is that the former

  1. discount treasury bills
  2. give loans to the public
  3. saves valuable of individual
  4. serves as lender of last resort ✓

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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