HSC Finance, Banking, and Bima 2nd Paper 2nd Chapter Note Central Bank
HSC Finance, Banking, and Bima 2nd Paper 2nd Chapter Note Central Bank. A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Central banks also act as a “lender of last resort” to the banking sector during times of financial crisis. Most central banks usually also have supervisory and regulatory powers to ensure the solvency of member institutions, prevent bank runs, and prevent reckless or fraudulent behavior by member banks.
HSC Finance, Banking, and Bima 2nd Paper 2nd Chapter Note Central Bank
The use of money predates history. Government control of money is docomeented in the ancient Egyptian economy (2750-2150 BC). The Egyptians measured the value of goods with a central unit called that. Like many other currencies, the shat was linked to gold. The value of a shat in terms of goods as defined by government administrations. Other cultures in Asia Minor later materialized their currencies in the form of gold and silver coins.
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