Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
CENTRAL BANK
A modern central bank performs so many functions of different nature that it is difficult to give any brief yet accurate definition of a central bank. Any definition of a central bank is derived from its functions and these functions have varied from time to time and from country to country. Like the topsides, the functions of central banks gave grown over time making it more difficult to give any brief and unchanging definition of a central bank. Nevertheless, a central bank may be defined as that central monetary institution which is charged with performing the duties of bankers bank fiscal agent for the government and managing the monetary system of the country. It must also be stated that. Barring rare exceptions. A central bank should not conduct commercial banking business. Economists have defined central bank differently, emphasising its one function or the other. According to Vera Smith the primary definition of central banking is a banking system in which a single bank has either complete or a residuary monopoly of note issue in Shaw opinion, the central bank is a bank which controls credit. Thus the one true,but at the same time all sufficing function of a central bank is control of credit. According to Hawtrey, central bank is the lender of last resort. According to the statutes of the bank for international settlements, a central bank is the bank in any country to which has been entrusted the duty of regulating the volume of currency and credit in the country. According to Kisch and Elkin, a central bank is a bank whose essential duty is to maintain. Stability of the monetary standard. In short while Vera Smith definition stresses the note issue function of the central bank the definitions of Shaw Hawtrey bank for international settlements and Kisch and Elkin emphasise the credit control. Lender of the last resort. Regulation of currency and credit and maintenance of stability of the value of the money unit functions of the central bank.
How will you influence people to strive willingly for group objective in your organization (target based industry)? Apply your interpersonal influence through communication process
assumptions and limitations
Determine the uses of Managerial economics Managerial economics studies the application of the principles, methods and techniques of economics to managerial problems of busine
ELASTICITY OF DEMAND
Question 1: Martha National County Club is a golf club in an isolated wealthy community and accepts only females as members. There are 1,000 identical female members of the club an
The owner of a patent has a contract with a cooperation that gives it right to use the patent. The cooperation will pay the patent owner $2500 yearly for the next 5 years, $3000 fo
Gold Although currently no country uses gold as its national currency, gold has a long history of use as commodity money and has almost universal acceptability. Gold is still
Consider a model world which is subject to a risk of global climate change. The damage is known to be from greenhouse gas (GHG) emissions as indicated by the marginal damage curve
Illustrate about forecasting in management A forecast expert has been asked to provide quarterly estimates of the sales volume for a specific product for the next four quarters
what are the criticisms of it
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd