Function of central bank?
Answers
The main function of a central bank is to act as governor of the machinery of credit in order to secure stability of prices. It regulates the volume of credit and currency, pumping in more money when market is dry of cash, and pumping out money when there is excess of credit.
The main function of a central bank is to act as governor of the machinery of credit in order to secure stability of prices.
2) It regulates the volume of credit and currency, pumping in more money when market is dry of cash, and pumping out money when there is excess of credit.
3) It used to manage both inflation and the country exchange rate and ensuring that this rate takes effect via a variety of policy mechanisms. controlling the nation's entire money supply.
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