Question

a ______is the apex institution of monetary system of a country explain it ​

Answer 1

Answer:

central bank is the apex institution of monetary system of a country.

Answer 2

A central bank is the apex institution of monetary system of a country.

Explanation:

• In any country,a central bank is considered as the chief or main institution of monetary system.
• A central bank regulates and controls the entire financial and monetary system in the country and is the main in charge of all the monetary and financial policies.
• Central bank in any country usually regulates,administer and support the entire banking system.
• The main policy instrument for central bank in any country is the money supply or issuing currency notes in the economy which determines the availability of credit or liquidity,inflation and the interest rate in the economy.It also leads to the fluctuations in the country's foreign exchange rate.