Somethings About Commercial Bank, You Have To Know(I)

Well, by this time let us know about commercial bank. Perhaps, someone will strange why we have to know about commercial bank? and this is really common things for us, and even engaged in the jobs related to finance and accountants. However, the most of people will not know about precise implication of commercial bank. Based on this, let us start to elaborate below,Steel Sheet

Basic Concept of Commercial Bank

Commercial Bank, abbreviated as CB in English, is a type of bank. Its duty is to undertake credit inter-mediation through deposits, loans, remittances, savings and other businesses. The main business scope is to absorb public deposits, grant loans and deal with bill discounts. Generally speaking, commercial banks do not have the right to issue money. The traditional business of commercial banks mainly focuses on deposit and loan business.