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प्रश्न
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
पर्याय
The monopoly of note issue
Government’s bank
Clearing house
Developmental
उत्तर
The Clearing house function of the Central bank involves settling claims of Commercial banks through a process of book entries.
Explanation:
For Commercial banks, the Central Bank serves as 'The-Clearing-House.' This means it settles commercial banks' mutual claims through a book-entry process.
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