Economy, asked by queensp73, 8 months ago

Which bank is called lender of last resort?

(i) Commercial bank

(ii) Agricultural bank

(iii) Industrial bank

(iv) Central bank

Answers

Answered by Anonymous
3

Answer:

Central Bank........

Answered by Mɪʀᴀᴄʟᴇʀʙ
13

(iv) Central Bank.

A central bank offers an extension of credit to financial institutions experiencing financial difficulty which are unable to obtain necessary funds elsewhere.

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