Credit Control by Central Bank: The modern economy is a credit economy. Credit is the lifeblood of the modern business. Accordingly, control of credit is essential for stability and orderly growth of an economy. There are two types of credit controls used by the central banks in modern time for regulating bank advances. The meaning […]
What is Central Bank Definition & Meaning
What is Central bank Central bank that provides financial and banking services for its country’s government and, as well as implementing the government’s monetary policy and issuing currency. Central Bank have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. […]
