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What Are The Functions Of Commercial Banks?

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    Banking mainly.....Personal banking,insurance,credit banking,foreign exchange etc etc
    1 0

    Illuminati  

    answered 11 months ago

      It would seem the function of Central Banks is to enslave the populace to the bankers (and thus provide constant income to the bankers and usurers...

        ... Doesn't the Bible say usury is  a sin ? -How odd that an allegedly Christian country bases its economy on something the scriptures say is sinful  !!! ;-)  )

      So the Fed prints notes without having the wherewithal to back them up (linking the production of notes to the value of gold bullion held by the Central bank was done away with as an inconvenience to the bankers getting richer long ago) and the public have to pay back the capital (the value of the note) plus interest (to the Fed) and the more notes produced the deeper in debt the public become (ad infinitum)

      Isn't it a bit scary that the Fed produces notes with no reserves to support them (they make money from nothing) and then charges interest (from the public) on every note produced, because that means that the American people can NEVER be out of debt to the Fed

      Isn't that called  "slavery" ?

      Wasn't the war of Independence fought to escape just such enslavement to the UK Central Bank?

      Oh and if the bankers get it all wrong and the markets crash they can always get the Govt to pay it all off in "emergency bailouts"  (another form of taxation on the public to support the bankers again, is it not?)

      That's my understanding of it anyway ;-)

      HTH :-)

      1 0

      Bluesman  

      answered 11 months ago

        A commercial bank or the commercial portion of a bank deals with business accounts,payroll and other monetary business that a company may have...hope this helps you  
        0 0

        Bgirl525  

        answered 11 months ago

        They do not handle banking business for the general public
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        Bgirl525

        Bgirl525

        commented 11 months ago

        Function of commercial bank is that collect saving from individual , open account make loans.
        0 0
        Guest

        Guest  

        answered 9 months ago

        They accept deposits  such an account is opened for customers who wish to make regular payments and would like to withdraw money from the account without notifying the bank
        0 0
        Guest

        Guest  

        answered 7 months ago

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