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Central bank is an apex bank of the country that:
Controls the entire banking system of the country
Issues currency
Acts as a banker to the government
All of these
- Controls the entire banking system of the country: The central bank regulates and oversees the commercial banks to ensure stability and compliance with laws.
- Issues currency: It has the exclusive authority to issue and manage currency, ensuring trust and security in the financial system.
- Acts as a banker to the government: The central bank manages the government's accounts, facilitates transactions, and may provide funding when necessary.
- Option 4 - All of these: The central bank performs all these functions as part of its core responsibilities.
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