हिंदी

Explain how the commercial bank provides a credit facility through the measures given below. Cash credit - Economics

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प्रश्न

Explain how the commercial bank provides a credit facility through the measures given below.

Cash credit

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उत्तर

It is an arrangement under which the bank gives cash loans to customers up to a certain amount. This sort of financing is granted in exchange for personal or stock security. The bank charges interest on the customer's credit limit.

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अध्याय 7: Commercial Banks - Exercise [पृष्ठ १४६]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 7 Commercial Banks
Exercise | Q 5. (i) | पृष्ठ १४६
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