Question

central bank is the apex Institution of the monetary system of a country explain it​

Answer 1

Answer:

Central bank is an apex institution of the monetary and banking system of a nation's economy as it regulates and controls the entire banking system and monetary market of a country. ... It serves as the banker of the government and manages foreign exchange of the government

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Answer 2

Answer:

Central bank is an apex institution of the monetary and banking system of a nation's economy as it regulates and controls the entire banking system and monetary market of a country. It is the sole agency of note issuing and controls the supply of money in the economy. It serves as the banker of the government and manages foreign exchange of the government.