The need of a central bank for a modern-industrial economy.

Question

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Answer 1

Question

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

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Answer 2

Question

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

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Answer 3

Question

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

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Answer 4

Question

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

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Answer 5

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

Answer 6

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.

Answer 7

Chapter 29, Problem 1DQ

To determine

The need of a central bank for a modern-industrial economy.

Answer 8

Expert Solution & Answer

Explanation of Solution

A central bank is the apex bank of a country. It controls the money supply of the economy and keeps the economy stable and free from the economic fluctuations. The primary function of a central bank is to control the money supply in the economy. A central bank promotes the safety of the country’s banking system by requiring sound business practices of its member banks and by acting as a lender of the last resort. Therefore, the central banks play an important role in the functioning of an economy.