Abstract
The term ‘commercial banking’ originated in the nineteenth century when larger banking institutions dealt primarily with those engaged in commerce rather than the individual saver. Since then, the commercial bank has expanded its services and client base so that today it may be more appropriately called a full service banking institution. But regardless of how expansive they may have become, commercial banks still fulfil certain basic financial functions which no other single financial institution can emulate.
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© 1988 Charles R. Geisst
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Geisst, C.R. (1988). Commercial Banking. In: A Guide to Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18807-9_3
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DOI: https://doi.org/10.1007/978-1-349-18807-9_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-44046-9
Online ISBN: 978-1-349-18807-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)