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All the currency issuesd by the …

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All the currency issuesd by the cCentral Bank is its monetary liability. How?
  • 1 answers

Yogita Ingle 6 years, 5 months ago

It simply means that if there exists any currency issue such as, non-acceptance of currency, then the central bank is responsible to give the assets of the same amount (i.e equal to currency value) to the public. These assets can be gold coins, foreign exchange, etc.

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