Home › UP Board Class 12 › economics › Money and Banking › Acting as the 'lender of the last resort' to com…
Acting as the 'lender of the last resort' to commercial banks is a function performed by the:
Acommercial bank
Bfinance ministry
Ccentral bank
Dstock exchange
Answer & Solution
Correct answer: C. central bank
The central bank is the lender of last resort.
Related questions
The total stock of money in circulation among the public at a point of time is called:In a barter economy, exchange requires that each party wants exactly what the other offersCommercial banks are able to create credit primarily on the basis of their:The currency held by the public plus the reserves of commercial banks together form the:Deposits that can be withdrawn on demand, such as in a current or savings account, are calThe rate at which the central bank lends short-term funds to commercial banks is the:The minimum percentage of deposits that commercial banks must keep with the central bank iThe bank that controls the money supply and acts as the banker to the government in India