ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not the function if central bank
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Banker to the government
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Controller of the money supply
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Bankers bank
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Overdraft facility
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Explanation:
Detailed explanation-1: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-2: -A central bank is an independent national authority that conducts monetary policy, regulates banks, and provides financial services.
Detailed explanation-3: -The central bank only deals with commercial banks, and not directly with the public.
Detailed explanation-4: -Eight major functions of central bank in an economy are as follows: (1) Bank of Issue, (2) Banker, Agent and Advisor to Government, (3) Custodian of Cash Reserves, (4) Custodian of Foreign Balances, (5) Lender of Last Resort, (6) Clearing House, (7) Controller of Credit, and. More items
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