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| Functions of Central Bank 2 | zea tutor | Banking & Finance lectures in Urdu / Hindi |
Functions of Central Bank, part.2
The central bank of any country performs a few important functions & plays a vital role in the economy of that country. These functions are divided into two parts. These are as:
·
Functions as the government’s bank
·
Functions as the bankers’ bank
Functions as the bankers’ bank
In this section, the bank performs
following functions:
Lender of Last Resort
Rediscounting of Bill
Clearing House Facility
Control of Cash Reserves
Counselling Facilities
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