Give any two reasons for giving the monopoly ...

ICSE Class X Economics 2018 Papers

Question : 19 of 35

Marks: +1, -0

Give any two reasons for giving the monopoly right of note issue to the central bank.

Solution:

Central bank is given monopoly of note issue due to the following reasons :

(i) To maintain uniformity in currency.

(ii) To avoid over-issue.

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