Explain Banker 's Bank function of …
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Sia ? 6 years, 3 months ago
There are usually hundreds of banks in a country. There should be some agency to regulate and supervise their proper functioning. This duty is performed by the central bank. It also performs banker's bank function Central Bank keeps the cash balances of Commercial Banks and issues loans to them on requirements in the same manner as the Commercial Bank does for its customers. A Central Bank has almost the same relationship with the other Commercial Banks of the country that the Commercial Banks have with the common public. That is why the Central Bank is also called banker's bank.
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