Question

who is considered as the mother of all central banks​

Answer 1

Reserve bank of any kind

Explanation:

• A central bank of any country has the feature that it can issue notes and coins. It brings about currency in an economy that gets used for multiple purposes.
• This bank has the right of monopoly.
• That is why, it is the only bank that issues currency.
• The Federal Reserve System is such that is it a way regulates the central banks.

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Answer 2

Reserve Bank of India (RBI) is considered as the mother of all central banks​

Explanation:

• The Reserve Bank of India, or the RBI is known as the mother of all central banks.
• This is because the Reserve Bank of India is a regulator of the flow of currency in the Indian economy.
• At the same time, it also plays the most significant role in regulating their other banks, to which it often lends money.
• The Reserve Bank of India is also important because it plays the role of the banker to the India government.

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