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Stats: 17,991 Members, 73,296 Topics, 15,958 Comments. Date: Sep 21 2019, 9:16 pm

QUESTION: Let Discuss Functions Of Central Bank [Solved]

Nigeria Student Forum / Questions / Marketing Department / Let Discuss Functions Of Central Bank

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Answered: Let Discuss Functions Of Central Bank 7:29pm on January 30
Fadeyi Oluwaseun
Ladoke Akintola University Ogbomosho
B.tech Marketing Management
200Level, Nigeria.
The main function of a central bank is to act as governor of the machinery of credit in order to secure stability of prices.

It regulates the volume of credit and currency, pumping in more money when market is dry of cash, and pumping out money when there is excess of credit.

1 UpVote

Fadeyi Oluwaseun
Ladoke Akintola University Ogbomosho
B.tech Marketing Management
200Level, Nigeria.
(1) Bank of Issue, (2) Banker, Agent and Advisor to Government, (3) Custodian of Cash Reserves, (4) Custodian of Foreign Balances,

(5) Lender of Last Resort, (6) Clearing House, (7) Controller of Credit, and (8) Protection of Depositor’s Interest.

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