why is a central bank known as apex bank ?
Answers
Answered by
10
Hey mate .
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The Reserve Bank is the Apex Bank in India because of the following functions:
Monetary Authority
Issuer of Currency
Banker and Debt Manager to Government
Banker to Banks
Regulator of the Banking System
Manager of Foreign Exchange
Regulator and Supervisor of the Payment and Settlement Systems
Maintaining Financial StabilityDevelopmental Role
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The Reserve Bank is the Apex Bank in India because of the following functions:
Monetary Authority
Issuer of Currency
Banker and Debt Manager to Government
Banker to Banks
Regulator of the Banking System
Manager of Foreign Exchange
Regulator and Supervisor of the Payment and Settlement Systems
Maintaining Financial StabilityDevelopmental Role
diauroseow5rs5:
thank u
so can u tell me why commercial banks aren't known as apex banks...? is it bcz that they don't perform these functions ?
i have an exam tomorrow ...
could u plz mind helping me now ?
by answering my question..
Answered by
0
Answer:
The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country. It is an institution that manages and oversees a country's money supply, inflation and interest rates.All you need to know about RBI: The Apex Bank of India.
Explanation:
hope it is correct
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