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What is meant by the central bank of a country?

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प्रश्न

What is meant by the central bank of a country?

दीर्घउत्तर
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उत्तर

The central bank leads the money market and regulates credit volume to ensure stability. Credit money accounts for a significant portion of the country's total money supply. Excess credit leads to higher pricing, imports, and decreased exports, which in turn result in an unfavorable payment balance.

The goal of credit control is described below:

  1. The stability of internal prices.
  2. The foreign exchange rate is stable.
  3. Promoting high employment.
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