Economy, asked by Jassbhaati, 5 months ago

5
Any one of the following functions of a central bank:
(i) Currency authority, and
Lender of last resort.​

Answers

Answered by radhikahans14082006
1

Answer:

As lender of last resort Central Bank gives guarantee of solvency and provides financial accommodation to commercial banks (i) by rediscounting their eligible securities and bills of exchange, and (ii) by providing loans against their securities.

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