Economics · Banking System
Identify the INCORRECT statement regarding the functions of a Central Bank.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It acts as a banker to the government.
- 2It is the custodian of the foreign exchange reserves of the country.
- 3It has no role in managing the money supply of the country.✓
- 4It issues the currency notes of the country.
Correct answer
It has no role in managing the money supply of the country.
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