You don't have to memorize the textbook definition of the term "central bank" or the textbook definition of the term "commercial bank" to understand what they are, the best approach (in my opinion) is comparing them to one another.
By understanding the similarities as well as differences between central banks and commercial banks, you'll learn a thing or two about how the financial system works. If you want to find out what a central bank is, what a commercial bank is and what the similarities as well as differences between central banks and commercial banks are, watch this video.
Please like, comment and subscribe if you've enjoyed it.
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated!
Oh and I've also started playing around with Patreon, my link is:
[ Ссылка ]
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
Amazon - [ Ссылка ]
Barnes & Noble - [ Ссылка ]
iBooks (Apple) - [ Ссылка ]
Kobo - [ Ссылка ]
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Amazon - [ Ссылка ]
Barnes & Noble - [ Ссылка ]
iBooks (Apple) - [ Ссылка ]
Kobo - [ Ссылка ]
Last but not least, if you'd like to follow me on social media, use one of the links below:
[ Ссылка ]
[ Ссылка ]
[ Ссылка ]
