Question

Explain why central bank has a monopoly power inissuing note

Answer 1

Explanation:

Monopoly of currency issue: The Central bank has sole power to print and issue the currency notes of the country. The basic reason behind this monopoly is to bring uniformity in the currency, better control and supervision, and also stability in the economy.

Answer 2

Answer:

Central bank has been given exclusive monopoly of note-issue in the interest of uniformity, better control, elasticity, supervision, and simplicity. It will also avoid the possibility of over-issue by individual banks. The central banks, thus, regulate the currency of country and the total money-supply in the economy

Explanation:

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