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This document discusses the role and functions of a central bank. It outlines six key functions: 1) Monopoly of note issue, where the central bank has sole authority to print and circulate currency. This provides stability and uniformity. 2) Acting as a banker, agent, and advisor to the government, by managing government accounts and funds and advising on economic policy. 3) Serving as a custodian of commercial bank cash reserves, providing loans, advice, and clearing services to other banks. 4) Holding a

Author

Usman Malik

Language

EN