Which of these is not a function of Central bank?

Question

KollegeApply · Accepted Answer

Credit creation Explanation: Credit creation is the primary activity of commercial banks, which dynamically extend the money supply by lending out a large amount of their public deposits. In contrast, the central bank is in charge of macro-regulatory operations, which include controlling the credit generated by commercial banks, providing centralised clearing house facilities for inter-bank settlements, and managing foreign reserves to maintain exchange rate stability.

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