What are the differences between Commercial Bank and Central Bank?

Question

Central BankCommercial BankDefinitionCentral bank is the apex financial institution of the country that is concerned wit...

Accepted Answer

Central BankCommercial BankDefinitionCentral bank is the apex financial institution of the country that is concerned wit...

Central Bank	Commercial Bank
Definition
Central bank is the apex financial institution of the country that is concerned with formation of monetary policies and the way money should be regulated in the economy	It is a type of financial institution that is concerned with providing banking services to the general public and businesses by facilitating deposit, offering loan facilities
Ownership
Central bank is always having public ownership	Commercial banks can be either public or private in their ownership
Number of Banks
There is only one central bank in a country	There can be many commercial banks in a country
Profit Motive
Central bank does not operate for making profit	Commercial banks operate with the motive of earning profit
Clients
Commercial banks and the government	Individuals and businesses
Policy creator
Central banks create monetary policy to regulate interest rates in an economy	Commercial banks do not create any policies that are essential for the functioning of an economy
Source of Money Supply
Central banks are the source of money supply in an economy	Commercial banks run on the deposits obtained from the individuals and hence they perform no such function