CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Write a word or phrase or a term which can substitute each one of the following:

A bank, which is known as banker's bank.

Open in App
Solution

A bank, which is known as banker’s bank - Central Bank
Explanation:
The central bank is known as the banker's bank because it controls the working of commercial banks and also provides them guidance. The central bank accepts deposits from commercial banks and holds them as reserves for them.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
High-Powered Money and Money Creation
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon