Acting as a , the central bank ensures that accounts are settled thus reducing the amount of labour and time involved.

clearing-house

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

reserving-house

No worries! We‘ve got your back. Try BYJU‘S free classes today!

power resource

No worries! We‘ve got your back. Try BYJU‘S free classes today!

central house

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A clearing-house
The central bank acts as a clearing-house ensuring that accounts are settled and thereby reduces the amount of labour and time involved.

Suggest Corrections

Similar questions

Acting as a ___ house, the central bank ensures that accounts are settled and reduces the amount of labour and time involved.

Explain “lender of the last resort” as a function of Central Bank.

Explain “clearing house agent” as a function of Central Bank.

Join BYJU'S Learning Program