Central Bank: Functions

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  • Meaning of Central Bank
  • Functions of Central Bank (A brief understanding of the functions)
  1. Monopoly of Note issue
  2. Bankers Bank
  3. Banker
  4. Agent and Advisor to the Government
  5. Custodian of Foreign Exchange
  6. Lender of the Last Resort
  • Difference between the Central Bank and Commercial Banks
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