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Settling the claims of various banks against each other by central bank is ______. - Economics

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Question

Settling the claims of various banks against each other by central bank is ______.

Options

  • Clearing house function

  • Lender of the last resort

  • Custodian of exchange reserves

  • Control of credit

MCQ
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Solution

Settling the claims of various banks against each other by central bank is clearing house function.

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Chapter 8: Central Bank - Exercise [Page 157]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 8 Central Bank
Exercise | Q 17. | Page 157
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