Describe the functions of modern commercial banks. 

Modern commercial banks are financial institutions that offer a wide range of financial services to individuals, businesses, and government entities. They play a vital role in the economy by mobilizing savings from depositors and channeling them into productive investments. Here are some of the key functions of modern commercial banks:

1. Accepting Deposits: Commercial banks accept deposits from their customers in the form of current accounts, savings accounts, fixed deposits, and recurring deposits. These deposits are a vital source of funding for the banks, which they use to make loans and investments.

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