What is the alternative name for commercial banks? (2024)

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Introduction to Banking

What is the a...

A

Joint stock banks

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C

Joint owner banks

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D

Joint credit banks

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Solution

The correct option is A

Joint stock banks

Commercial banks are also called ‘Joint stock banks’ because they are organised in a manner similar to joint stock companies.


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What is the alternative name for commercial banks? (2024)
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