Question

Why central bank of country is called an apex bank?

Answer 1

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✔✔ The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country.

✔✔ A Central Bank of a country acts as a banker and financial adviser to the government.

✔✔ Due to its pivotal role in the banking system, it is also known as "lender of last resort".

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Answer 2

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A Central Bank of a country acts as a banker and financial adviser to the government. Due to its pivotal role in the banking system, it is also known as "lender of last resort".