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WAEC Economics 2010 Question 38

Question 38

Financial Institutions

One of the functions of the Central Bank is

  1. A.production of goods.
  2. B.issuing of currency.
  3. C.presenting budgets.
  4. D.printing of cheque books.
Show the answer and explanation

Answer: B (issuing of currency.)

Explanation

The central bank is the sole issuer of a country's currency.