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One of the functions of the Central Bank among the following is ______ -

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Question

One of the functions of the Central Bank among the following is ______

Options

  • Custodian of banks

  • custodian of deliveries

  • Custodian of foreign exchange

  • Custodian of securities

MCQ
Fill in the Blanks

Solution

One of the functions of the Central Bank among the following is foreign exchange.

Explanation:

This function helps to keep the foreign exchange rate stable.

i. The public's currency (coins and notes).

ii. Bank demand deposits

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Central Bank: Functions
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