Question

why is central bank called as the bank of the state??​

Answer 1

Hey mate! here's your answer,

There are three different levels of governments which are

• Local level government
• State level government
• Central level government

So the local is control under state banks means

State bank called as the bank of the local.

So at that the state bank is under control of Central that's why

Central bank called as the bank of state.

Hope this will help you.

Mark as brainlist if useful for you.