Features of Central Bank
A central bank has the following list of definitive functions :
- The objective of the central bank is to the economic welfare of the country
- To take the responsibility of note issue
- It is the apex of the monetary and banking structure
- Determine the optimum level of money supply and control & deflation.
- It represents the government and functioning as a banker of the Govt.
Further Reading:
Category: Banking & Finance
Previous: ← Sources of bank’s Income
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