Respuesta :
if you write a check on your commercial bank account to purchase common stocks this is an example of money functioning as medium of exchange.
What is a commercial bank?
A commercial bank is a type of financial organization that offers its clients services including loans, CDs, savings accounts, overdraft protection, etc. These organizations generate revenue by making loans to people and collecting interest on those debts. Commercial banks' primary responsibility is to offer financial services to individuals and businesses in order to promote social and economic stability and long-term economic growth. The primary role of commercial banks in this regard is the production of credit.
Primary Functions of Commercial Bank
Accepting the Deposits.
Advancing the Loans.
Credit Creation.
A Cheque for paying the funds.
Paying and Collecting the Credit.
Purchasing and Selling of the Securities.
Bullion Trading.
Money Remittance.
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