Question

explain all the functions of central bank​

Answer 1

Answer:

Eight major functions of central bank in an economy are as follows: (1) Bank of Issue, (2) Banker, Agent and Advisor to Government, (3) Custodian of Cash Reserves, (4) Custodian of Foreign Balances, (5) Lender of Last Resort, (6) Clearing House, (7) Controller of Credit, and (8) Protection of Depositor's Interest.

Answer 2

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The functions of a central bank are as follows:

Currency regulator or bank of issue.

Bank to the government.

Custodian of Cash reserves.

Custodian of International currency.

Lender of last resort.

Clearing house for transfer and settlement.

Controller of credit.

Protecting depositors interests.