Practicing Success
Which of the following is ensured by the Central Bank as "Lender of last resort"? |
Commercial banks do not face any shortage of funds Granting loans and advances to the government Agent and advisor to the government Both 2 and 3 |
Commercial banks do not face any shortage of funds |
When commercial banks fail to get financial assistance from any other way it approaches the Central bank who is considered as the lender of last resort. The central bank ensures the following function:
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