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.
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
The neo-classical view The neo-classical view is that market forces are the best directors of the economy. Positive attempts by the government it is argued inevitably make th
ARGUMENTS FOR MONOPOLIES Although monopolies are usually hated mainly because their practice of consumer exploitation, there are some aspects of monopolies which are favourabl
State the relevant economic quantities Managerial economics helps the management in predicting numerous economic quantities like profit, cost, capital, demand, price, productio
What is increasing marginal cost? Felix’s marginal cost is greater the more lawns he has previously mowed. It is, every time he mows a lawn, the extra cost of doing still anoth
Find price for demand of 105000 exhaust fans, function is 462-5/7q for demand and p-6/7q for supply. find supply at 312, equilibrium qt and price
how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared
Q. Show the Changes in fixed costs and profit maximisation? A firm maximises profit by operating where marginal revenue equals marginal costs. A change in fixed costs hasn't an
For this assignment, write at least two pages double spaced about how the principal agent problem applies to: 1. CEO''s, and their relationship with the firm, it''s employees, and
Determine the Income Effect of law of demand As a result of fall in the price of a commodity, real income of its consumer increase at least in terms of this commodity. Or we c
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