Concept:Commercial banks accept deposits, grant loans, and operate for profit, but they do not issue currency notes.
Explanation:A commercial bank is owned by individuals or organizations and is usually formed as a limited liability company.
Its main goal is to earn profit by providing banking services such as accepting deposits and giving loans.
Issuing bank notes is not a function of a commercial bank in modern banking.
This function is reserved for the central bank of a country.
Therefore, the option that is not a characteristic of a commercial bank is the one about issuing bank notes.
Answer:C. Established to issue bank notes