Management Notes

Reference Notes for Management

To what extent the central bank is the lender of the last resort?

To what extent the central bank is the lender of the last resort?

To what extent the central bank is the lender of the last resort?

    1. As it lends to the government
    2. As it provides finance to agriculture
    3. As it is the ultimate source of credit in times of crisis
    4. As it controls the money supply in the economy

Correct Answer: As it is the ultimate source of credit in times of crisis

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