Definition

Features of Central Bank

A central bank has the following list of definitive functions :

  1. The objective of the central bank is to the economic welfare of the country
  2. To take the responsibility of note issue
  3. It is the apex of the monetary and banking structure
  4. Determine the optimum level of money supply and control & deflation.
  5. It represents the government and functioning as a banker of the Govt. 

 

Further Reading:


11 Features of A Central Bank

  

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