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
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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