WAEC - Economics (2010 - No. 37)
One of the functions of the Central Bank is
production of goods
issuing of currency
presenting budgets
printing of cheque books
Explanation
Functions of Central Bank
- Issue money.
- Lender of Last Resort to Commercial banks.
- Lender of Last Resort to Government.
- Target low inflation.
- Target growth and unemployment.
- Operate monetary policy/interest rates.
- Unconventional monetary policy.
- Ensure stability of the financial system.