Commercial Applications
Answer
| Basis | Central Bank | Commercial Bank |
|---|---|---|
| Position/Status | It is the apex institution of a country's banking system, with only one in a country. Its aim is to serve the country's interest, and it has the monopoly over issue of currency notes. | It is one of many banks in a country whose aim is to earn profit. It cannot issue notes and functions under the control of the central bank. |