central bank controls and corordinates curency an d credit policies of any country . what is tthe meaning

Asked by Raju | 9th Feb, 2018, 10:33: PM

Expert Answer:

Central Bank is an apex body which controls, operates, reulates and directs the whole banking system and monetary structure of the economy. It has sole authority to issue currency and in India RBI has the complete authority to issue paper currency notes. It can control credit and supply of money by making use of credit control methods as qualitative and quatitative methods.

Answered by Tharageswari S | 10th Feb, 2018, 02:38: PM

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