Question

According to you, what do you think is the role played by a Banking system (Central Bank and Commercial Banks) in circulation of money in an Economy and its development.

Answer 1

Answer:

Central banks carry out a nation's monetary policy and control its money supply, often mandated with maintaining low inflation and steady GDP growth. On a macro basis, central banks influence interest rates and participate in open market operations to control the cost of borrowing and lending throughout an economy.

Explanation:

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