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Explain bank of issue function of …

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Explain bank of issue function of central bank

    • Posted by Harsh Kaushal 7 years, 7 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Syed Khabib 7 years, 7 months ago

    Bank of issue means the bank which has exclusive or monopoly right of issuing notes.In India Central has the monopoly right of issuing notes.It is the monetary liability of the central bank of issuing new currency. The notes issued by central bank are unlimited legal tender.

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