Chapter A1 Flashcards by Unknown Unknown

Q

List the types of banks

A

Traditional deposit-taking banks
Development banks
Reserve banks
Investment banks
Community banks

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Q

What are the functions of a central bank

A

Control money supply
Determine or influence interest rates
Determine or influence inflation rates
Determine or influence exchange rates
Target macroeconomic features like unemployment and growth
Ensure stability of fin system
Lender of last resort to commercial banks

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