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Money Creation by Banks · Question 1 of 58

Question 1

EasyOriginal question

The two main functions of a commercial bank are

Options for question 1

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Banks take deposits from savers and lend them to borrowers.

  2. Printing currency and controlling credit are the central bank's jobs.

Concept
Functions of commercial banks
Typical time
40 s
Your time
—
The rule this testsWhat commercial banks do
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Ten questions from Money Creation by Banks, at your own pace.

Practise this chapter →

Ten questions from Money Creation by Banks, at your own pace.