Write any four functions of Central Bank of a country.long questions 4marks
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16
Answer:
Important functions of the Central bank are discussed below:
- Issue of currency: ...
- Bankers to the government: ...
- Banak to banks: ...
- Lender of the last resort: ...
- Custodian of foreign exchange reserves: ...
- Controller of credit: ...
- Other functions:
Explanation:
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Answer:
1) Issue money
2) Lender of last resort to commercial banks
3) Lander of last resort of government
4) Target low inflation
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