Sail E0 Webinar
Question
Acting as a ___ house, the central bank ensures that accounts are settled and reduces the amount of labour and time involved.
Options:
A .  clearing
B .  reserving
C .  power
D .  None of these
Answer: Option A
:
A
The central bank acts a clearing house ensuring that accounts are settled and reducing the amount of labour and time involved.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers