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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define Central bank. - Economics

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Question

Define Central bank.

Definition

Solution

A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

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Central Bank
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Chapter 6: Banking - Model Questions [Page 123]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 6 Banking
Model Questions | Q 23. | Page 123
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