English
Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define Central bank. - Economics

Advertisements
Advertisements

Question

Define Central bank.

Definition
Advertisements

Solution

A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

shaalaa.com
  Is there an error in this question or solution?
Chapter 6: Banking - Model Questions [Page 123]

APPEARS IN

Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 6 Banking
Model Questions | Q 23. | Page 123
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×