The central bank manages a nation's currency, money supply, and interest rates, and often oversees the commercial banking system.

Certificates of deposit (CDs) usually provide higher interest rates than checking or savings accounts due to fixed-term deposits.

Liquidity describes how quickly an asset can be converted into cash without affecting its market price.

KYC is a regulatory requirement that ensures banks verify the identity of clients to prevent illegal activities such as money laundering.

Loans made to customers are considered a primary asset for commercial banks as they generate income.

Credit risk is the possibility that borrowers may fail to repay their credit card debt, leading to losses for banks.