Because it stands ready to lend to banks at all times, the central ban…

Question

Because it stands ready to lend to banks at all times, the central bank is called the:

Accepted Answer

B. Lender of last resort

1. Banks needing funds can turn to it.
2. It is the lender of last resort.
3. Only the RBI can issue currency.
_Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._

Answer

Issuer of bonds

Answer

Banker of first choice

Answer

Custodian of gold

Because it stands ready to lend to banks at all times, the central bank is called the:

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