„Commercial Bank“
What does Commercial Bank stand for?
In the USA, a bank that is authorized to accept demand deposits. It may also receive time deposits, make loans, engage in trust services, issue letters of credit, accept and pay drafts, rent safe deposit boxes and engage in many other similar activities.
Source:
Financial and BankingView all itemsMishkin, Frederic S. “The Economics of Money, Banking and Financial Markets.” 11th edition, Pearson, 2016.
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