Question

Central bank of india advantages and disadvantages

Answer 1

ANSWER
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1. CENTRAL BANK HELPS PEOPLE GET THERE MONEY EASIER.

2. SOME PEOPLE ARE STAND IN THE LINES DUE TO THE STAND THERE IS DISADVANTAGES

Answer 2

Hola there Central Banks are the banks of banks. They are the fundamental core of a nation’s banking system. They are the ones who clear all interbank transactions. Without central banks, commercial banks would find it extremely difficult to settle the millions of transactions conducted every day by account holders. For example, when you pay your supermarket bill with a debit card, the transaction is undertaken by a card clearance company, but the money still has to find it’s way from your bank account to the account of the supermarket. This is done through a settlement process undertaken by central banks.