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Central Bank is an apex institution that control, regulate and supervises monetary and credit system of country. It is established and run by government. Following are the functions of Central Bank:-
1) Issue of notes
2) function as Government bank
3) function as Banker of Banks
4) Creation and control of Credits
5) Develops banking system
6) mobilizes capital and Manages the debt
7) controls foreign exchange
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The US Federal Reserve System consists of several different regional bank which together perform several of the functions of a Central Band, but it is not exactly the same as a Central Bank.
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R. Mehnert has written: 'Central Bank to the European Union:European Monetary Institute, European System of Central Banks, European Central Bank, Structures, Tasks, and Functions'
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it instruct other banks for the implementation. it supervise policies and regulation of the banks. it help govrnment to release the fund and advice government on economy. it incharge of the nation currency
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Where is the Head office of state bank of patiala?
State Bank of Patiala is a subsidiary bank of State Bank of India. State Bank of Patiala (SBP), originally named Patiala State Bank, was founded on 17 November 1917. SBP was founded by Maharaja Bhupinder Singh, Maharaja of the princely state of Patiala of Undivided India. The functions of the Bank included the normal functions of commercial banks, as also some functions similar to functions of a central bank for the princely state of Patiala
Unlike national banking systems what does the international banking system lack?
Although there are a number of banking institutions that aid international banking, their functions often overlap. The international banking "system" does not have one entity that functions as a regulatory type central bank. For example, in the US the Federal Reserve System and its lead bank, the Federal Reserve Bank of New York has a number of high level functions that govern the US banking system and at times interfaces or influence other world central banks. With that being said, no single world banking organization can function in the world as a central bank functions within a single nation.
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The functions of the National Bank of Ethiopia include promoting financial inclusion, issue money, regulate the availability of credit and money and to control and fix rates for foreign exchange.
Functions of central bank?
There are many functions of the central Bank. 1. it has the right to note issu. 2. it is the bank of the gobernment. 3. it is the advicer for the governmant to regulat the new money policies. 4. it is the last help for the commercial banks in case of thier financial crisis. 5. it provides the remittence facility. 6. it provides the facility of currency exchange. 7. it is responsible for the economic growth.. 8. it regulaytes the laws to balance the inflation and deflation in the economy.
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What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
