emilysiegel7320 emilysiegel7320
  • 23-01-2020
  • Business
contestada

Central banks are responsible for the collection and the replacement of currency from circulation.


A. True

B. False

Respuesta :

BenitoMarin BenitoMarin
  • 23-01-2020

Answer:

The correct answer is letter "A": True.

Explanation:

Central banks are the financial institutions in charge of the monetary policy of their country on behalf of the central government. They regulate the money supply and the interest rates to maintain a country's economy the closest to its equilibrium level. In the United States, the central bank is the Federal Reserve (Fed). Central banks also collect and replace the currency in circulation.

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