Question

Explain central bank????​

Answer 1

Answer:

CENTRAL BANK :

=> The Central Bank is the apex financial institution in banking industry in country. every country has their own central bank.

In India, The Reserve Bank Of India (RBI) is the central bank.

The RBI was established in 1945 under the Reserve Bank of India Act 1944.

Functions :

1 ) Frames monetary policy

2) Issues currency notes

3) Acts as a banker of government.

Answer 2

A central bank is the term used to describe the authority responsible for policies that affect a country's supply of money and credit. ... A central bank is the term used to describe the authority responsible for policies that affect a country's supply of money and credit.

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