Question

only central bank can act as bank of issue give 2 reasons in favour of the statement​

Answer 1

Answer:

Functions of Central Bank. Issue money. The Central Bank will have responsibility for issuing notes and coins and ensure people have faith in notes which are printed, e.g. protect against forgery. Printing money is also an important responsibility because printing too much can cause inflation.

Answer 2

Answer:

1. ,,,..................