WAEC Economics 2021 Theory — Question 23

Question 23 of 26 from the West African Examinations Council (WAEC) Economics 2021 Theory paper, with the correct answer and a full explanation.

7(b). Outline four functions performed by the Central Bank of your country.

Model answer

(i) Serves as banker to the government. (ii) Serves as banker to the commercial banks. (iii) Serves as lender of last resort to financial institutions. (iv) Serves as the regulating agency for financial institutions.

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