Question

Define a Central Bank,What are the functions of Central Bank ?

Answer 1

Explanation:

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Answer 2

Answer:

A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a state or formal monetary union and oversees their commercial banking system.

Functions of a central bank may include:

1) setting the official interest rate – used to manage both inflation and the country's exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms

2) controlling the nation's entire money supply

3) the Government's banker and the bankers' bank ("lender of last resort")

4) managing the country's foreign exchange and gold reserves and the Government bonds

5) regulating and supervising the banking industry