Question

describe the function of central bank​

Answer 1

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Answer 2

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The main function of a central bank is to act as governor of the machinery of credit in order to secure stability of prices.

It regulates the volume of credit and currency, pumping in more money when market is dry of cash, and pumping out money when there is excess of credit.

In India RBI have two departments, namely. Issue department and Banking department.

its main functions:

1. Issue of Currency:

2. Banker to Government:

3. Banker’s Bank and Supervisor:

4. Controller of Credit and Money Supply:

5. Exchange Control:

6. Lender of Last Resort:

7. Custodian of Foreign Exchange or Balances:

8. Clearing House Function:

9. Collection and Publication of Data:

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