Central bank is the banker to the bank. Explain
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Thus, the banks which have to supply banknotes for their customers (either over the counter or through automatic teller machines) obtain them from the central bank which has an issuing monopoly. ... The central bank debits their current accounts accordingly.
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Here's your answer mate :
Thus, the banks which have to supply banknotes for their customers (either over the counter or through automatic teller machines) obtain them from the central bank which has an issuing monopoly. ... The central bank debits their current accounts accordingly.
Hope you got your answer!
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