Question

Write a Short essay to explain the general role of central bank and its objectives
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Answer 1

Central bank is responsible for overseeing the monetary system for a nation (or group of nations), along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.

The main objective performed by a central bank is ensuring financial stability. Depending on the country, central banks might have other objectives such as controlling inflation, unemployment, interest rates, or exchanges rates. However, all of these are in line with the main objective of ensuring financial stability.