McqMate
| Q. |
Which one of the following is not a function of the central bank in an economy? |
| A. | Dealing with foreign exchange |
| B. | Controlling monetary policy |
| C. | Controlling government spending |
| D. | Acting as a banker's bank |
| Answer» C. Controlling government spending | |
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Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. |
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