What are the function and services of central bank?
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The functions of central bank
It act as cleansing house
It act as land of last resort
It help in maintaining cash reserve ratio
It is guided by central government
It issues currency notes.
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The Central Bank. The primary function of the central bank is to control the money supply in the economy. ... It supervises the commercial banking system and ensures its smooth running. It controls the money and capital markets by changing the supply of money and thereby the rate of interest.
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