Question

Explain the function of central bank?
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Answer 1

Answer:

Here are 8 major functions of central bank

(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,

(8) Protection of Depositor’s Interest.

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