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The Central bank acts as a _________ of cash reserves of commercial banks in the country. (head / leader / custodian / locker), Fill in the blank with appropriate alternative given in the bracket. |
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Answer» 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. PLEASE MARK AS BRAINLIEST |
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