MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 12: The Financial and Banking Systems of the Government of Bangladesh
Which is a function of the central bank?
Think it through first, then pick an option.
- a Bank draft
- b Discounting
- c Keeping documents in custody
- d Issuing 'identified currency'
Answer and explanation
Correct answer: d Issuing 'identified currency'
The currency issued by the central bank is the identified currency of the country.
Why the other options are wrong
- a Bank draft: A bank draft is a medium of exchange created by commercial banks.
- b Discounting: Cashing bills of exchange at a discount is a commercial bank function.
- c Keeping documents in custody: Keeping documents safely is a commercial bank function.
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