What are the seven functions of the central bank?
What are the seven functions of the central bank?
The seven functions of the central bank are as follows:
- Streamlining payment traffic
- As a banker, agent, and adviser to the government
- Supervise the bank or bank supervision
- Keep an eye on credit
- As bankers bank and Lender of the Last Resort
- Maintaining the country's foreign exchange reserves
- Maintain reserves or cash reserves of commercial banks
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