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

  

Share it:  Cite

More from this Section

  • Acquisition of stock
    Acquisition of stock is a merger or consolidation in which an acquirer purchases the ...
  • Arm's length price
    Arm's length price is the price at which a willing buyer and a willing unrelated seller ...
  • Away from us
    Away from us used in context of general equities, to characterize role of a competing ...
  • Independent agency system
    Independent agency system is a type of property and casualty insurance marketing system, ...
  • Internet service sites
    Internet service sites is the computer files or pages set up on the World Wide Web by ...