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Match each RBI role to its meaning

Exercise and reference answers

Matching pairs
  1. Left
    Issuer of currency
    Right
    Only body that can issue the country's notes
  2. Left
    Banker to govt
    Right
    Keeps the government's accounts and bonds
  3. Left
    Custodian of forex
    Right
    Holds the foreign exchange reserves
  4. Left
    Bank to the banks
    Right
    Holds reserves for commercial banks
  5. Left
    Last resort lender
    Right
    Stands ready to lend to banks at all times
Instructions
Tap a role on the left, then tap what it means.

Explanation

_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.2 DEMAND FOR MONEY AND SUPPLY OF MONEY_
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