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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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