Economy, asked by anamikaiyengar7986, 3 months ago

Discuss the functions of the central bank in detail:bank of other banks

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Answered by libyrodrigues2373
2

Answer:

Central banks carry out a nation's monetary policy and control its money supply, often mandated with maintaining low inflation and steady GDP growth. On a macro basis, central banks influence interest rates and participate in open market operations to control the cost of borrowing and lending throughout an economy.

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