One of the functions of the Central Bank is

  • A production of goods
  • B issuing of currency
  • C presenting budgets
  • D printing of cheque books
waec 2010economics

The correct answer is B. issuing of currency

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.

Previous question Next question