Economy, asked by aishwarya203, 5 months ago

explain about breifyly
central banks

Answers

Answered by ammuhanna2007

Answer:

A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.

Answered by aaremani1969

Answer:

The reserve Bank in India is central back in india .which controls issues and supply of Indian rupee.It control over banks and non-banking finance companies in India.RBI is set up in 1935 under reserve Bank of India,act 1934

hope it helps you buddy

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