Question

An ECO central bank has been set up to give loans to member countries.

TRUE OR FALSE

Answer 1

Answer:

If it is the actual world then the answer is

FALSE

Hope it helps.

Explanation:

Is it from any type of paragraph or what?

Answer 2

your answer is False

reason

The central bank plays an important role in bringing about a proper adjustment between demand for and supply of money. ... Thus in an underdeveloped economy, the central bank should control the supply of money in such a way that the price level is prevented from rising without affecting investment and production adversely.

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