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List and describe six primary functions of the central bank

Question:

List and describe six primary functions of the central bank

Central Bank:

Central bank refers to a financial institution in a country which is mandated for printing, issuing of the country's currency either coins or notes, setting local banks interest rates, controlling Monetary policy, managing the foreign currency reserves and issuing governments debt.

Answer and Explanation:

The central bank has the following primary functions in a country;

  1. Formulating and implementing the monetary policy of a state. The central bank...

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