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True/False
Central Bank directly deals with the depositors and consumers in the economy.
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Solved in 2 steps
- Explain how a central bank can control credit through bank rate and open market operation.With the use of a central bank, which of the following becomes less and less important over time? Reserves Fiduciary currency The gold standard Deposit accountsWhich of the following is not a function of the central bank? Select one: a. The issuance of bank notes and coins for the country b. Manage foreign exchange c. It acts as the Government’s bank d. Stimulate the economy through government spending