Social Sciences, asked by pjdsoni2223, 6 months ago

Which bank enjoys monopoly power of Note issue?

Answers

Answered by speedy4548

1

Answer:

Central bank has monopoly rights of issuing notes of all denominations. This is called currency authority function of central banks. All notes issued by central bank acts as an unlimited legal tender in the country. due to this central bank is also known as bank of note issue.

Previous Question

Next Question

Similar questions

Math, 3 months ago

nind tha least number that must be adder to 9911 so bas to get a perfect square. also,find the square to or or tha perfect square obtained please tell it step by step....

English, 3 months ago

old people/ we /a feeling / should / acceptability/ give /of . reaarange them...

Math, 3 months ago

5. If a man walking to a football ground, he walks 1200 metre way. If the ground is 20 metre wide what is the length ?

English, 6 months ago

EXERCISE Complete the following sentences with suitable clauses : 1. I want to know ..... 2. He runs so fast 3. I met an actor 4. She will not help you unless 5. Nobody knows when 6. Make friends with such students 7. Put this book where 8. I am sad because 9. It seems 10. I often go to the mall...

Science, 6 months ago

2. What are deficiency diseases? Discuss any two deficiency diseases caused due to deficiency of vitamins and minerals mention their features deficient component and the important source of that component...

Hindi, 1 year ago

Apne Vidyalay Ke Khel Samaroh ka varnan karte hue Mitra ko Patra likhiye.

Hindi, 1 year ago

mere sapno ka bharat full essay in hindi...

Social Sciences, 1 year ago

you have attend the age of 18 years . how would you obtain a driving licence ?( maximun 14-15 lines )...