CBSE Class 12-science Answered
Clearing house function
Of central bank
Asked by jashansansarwa123 | 06 Jan, 2019, 08:25: PM
Expert Answer
The Central bank performs the function of clearing house. The cheques of two banks are cleared through their accounts with central bank. They avoid the transfer of cash. This reduces the requirement of cash reserves of the commercial banks.
Answered by Tharageswari S | 06 Jan, 2019, 11:52: PM
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