One of the functions of the Central Bank is

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Economics WAEC 2010

One of the functions of the Central Bank is

  • production of goods
  • issuing of currency checkmark
  • presenting budgets
  • printing of cheque books

The correct answer is: B

Explanation

Functions of Central Bank

  • Issue money.
  • Lender of Last Resort to Commercial banks.
  • Lender of Last Resort to Government.
  • Target low inflation.
  • Target growth and unemployment.
  • Operate monetary policy/interest rates.
  • Unconventional monetary policy.
  • Ensure stability of the financial system.
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