which agency's permission is required to a country to mint the quantity of notes
Answers
Answer:
The Reserve Bank
Explanation:
The Reserve Bank of each nation is considered "the bank of banks". It must guarantee the stability of the financial system and the purchasing power of the currency in force in the country, the Real.
Answer:
In some countries, the central bank is responsible for minting the quantity currency notes.
Explanation:
The agency responsible for authorizing the minting of currency notes varies by country. In some countries, the central bank is responsible for minting currency notes and determining the amount of currency that should be in circulation.
In other countries, the responsibility may lie with a separate agency, such as a treasury or finance ministry.
In the United States, for example, the Federal Reserve System is responsible for authorizing the production of new currency notes and determining the amount of currency that should be in circulation. In India, the responsibility lies with the Reserve Bank of India.
Overall, the agency responsible for minting currency notes and determining the quantity of notes that should be in circulation varies by country and is typically determined by the country's laws and regulations governing its monetary system.
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