Ask Question
6 August, 01:17

Central banks are responsible for the collection and the replacement of currency from circulation.

A. True

B. False

+3
Answers (1)
  1. 6 August, 05:15
    0
    The correct answer is letter "A": True.

    Explanation:

    Central banks are the financial institutions in charge of the monetary policy of their country on behalf of the central government. They regulate the money supply and the interest rates to maintain a country's economy the closest to its equilibrium level. In the United States, the central bank is the Federal Reserve (Fed). Central banks also collect and replace the currency in circulation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Central banks are responsible for the collection and the replacement of currency from circulation. A. True B. False ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers