Explain the bankers bank function of the central bank
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Central Bank keeps the cash balances of commercial banks and issues loans to them on requirements, in the same manner as the commercial banks do for its customers.That is why, the Central Bank is also called as bankers' bank.
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Answer:Central Bank keeps the cash balances of commercial banks and issues loans to them on requirements, in the same manner as the commercial banks do for its customers. That is why, the Central Bank is also called as bankers' bank. ...
Answer:Central Bank keeps the cash balances of commercial banks and issues loans to them on requirements, in the same manner as the commercial banks do for its customers. That is why, the Central Bank is also called as bankers' bank. ...
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