Explain How Commercial Bank Can Assist Home And Foreign Trade?

Commercial Banks have been the key force behind promotion of national and international trade. Now businesses are able to do safe and secure transactions all across the world due to commercial banks. Tools developed by Commercial banks such as Letter of Credit, Performance guarantee, material and transportation insurance, various payments mechanisms, etc have helped in boosting foreign trade. Businesses can now make investments of their surplus money in various investments programs developed by Commercial banks and thus keep their money safe and get a good return on them.