Fill in the blank with appropriate alternatives given below ____________ is the apex body of the monetary and banking systems of the nation's economy.

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Central bank is the apex body of the monetary and banking systems of the nation's economy. Explanation: The Central Bank is the apex institution of a country's economy. It regulates and controls the activities of all the commercial banks and other financial institutions in the country. It plays a pivotal role in the organisation and development of a sound monetary and financial system in an economy.

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