Which of the following is the Bank of Public ........

Which of the following is the Bank of Public?

commercial Bank

Central Bank

Both a) and b0

None of the above

- Commercial Bank (Option 1):

- Known as a bank for the public.

- Provides services like deposits, savings accounts, and loans.

- Caters to individuals and businesses.

- Central Bank (Option 2):

- Regulates the financial system of a country.

- Not typically accessible to the public for regular banking needs.

- Examples include the Federal Reserve or European Central Bank.

- Both (Option 3):

- Implies both options serve the same purpose, which isn't accurate as their roles differ significantly.

- None of the above (Option 4):

- Suggests neither type is the public’s bank. This isn’t accurate as commercial banks are public-facing.

- Correct Answer: Commercial Bank (Option 1)

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