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Explain lender of the last resort

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Explain lender of the last resort

    • Posted by Kunal Khandelwal 7 years, 10 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Anamika Singh 7 years, 10 months ago

    When commercial bank failed to meet their financial requirements they approach to the central bank to give loans and advances against approved securities and bills of exchange as lender of last resort.

    0Thank You

    Insha Fatima 7 years, 10 months ago

    Central bank act as a lender of last resort that means it a last option from where we can avail loans

    0Thank You

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