1.4 Difference between Central Bank and Commercial Banks/Financial Institutions

Question

Accepted Answer

PointCentral bankCommercial banks/FIsOwnership and purposePublic purpose; monetary stabilityProfit for shareholders PointCentral bankCommercial banks/FIsCustomersGovernment and banks (not the public)The general publicNote issueSole issuing authorityNoneLender of last resortYesNo — they borrow from itSupervisionSupervises all FIsSupervisedMonetary policyFormulates and executesFollow the policy

Point	Central bank	Commercial banks/FIs
Customers	Government and banks (not the public)	The general public
Note issue	Sole issuing authority	None
Lender of last resort	Yes	No — they borrow from it
Supervision	Supervises all FIs	Supervised
Monetary policy	Formulates and executes	Follow the policy

1.4 Difference between Central Bank and Commercial Banks/Financial Institutions

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