Fill in the blank with appropriate alternatives given below:The centra

1.	Fill in the blank with appropriate alternatives given below:The central bank acts as a ________ of cash reserves of the countryOptions head leader custodian locker
Answer» The central bank acts as a custodian of cash reserves of the country. Explanation: Individuals deposit their money in commercial banks. The commercial banks in turn are legally bound to deposit a certain portion of these deposits with the Central Bank. Thus, the Central Bank acts as a custodian (keeper) of the cash reserves of the country.

Fill in the blank with appropriate alternatives given below:The central bank acts as a ________ of cash reserves of the countryOptions head leader custodian locker

Answer»

The central bank acts as a custodian of cash reserves of the country.

Explanation: Individuals deposit their money in commercial banks. The commercial banks in turn are legally bound to deposit a certain portion of these deposits with the Central Bank. Thus, the Central Bank acts as a custodian (keeper) of the cash reserves of the country.

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Fill in the blank with appropriate alternatives given below:The central bank acts as a ________ of cash reserves of the countryOptions head leader custodian locker

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