Role of central banks

Question 1

Name the roles of central bank you know ?

Answer 1

If you didn’t get all 3 quit rn 💋💋💋:
- they Implement monetary policy.
- BIG BANKERS to Da GOVERNMENT 🏦💸💸
- BANKERS TO DA BANK: lenders of last resort🔫🔫🔫🔫

Question 2

BLURRTTTTT EVERTHING YA KNOW ABOUT DA ROLE OF REGYALATION IN THE BANKING INDSUTRY 🙏

Answer 2

One of the key regulatory actions to manage the money supply and promote stability in the financial system is the implementation of required reserve ratios. Raising the ratio decreases the money supply in the economy - and vice versa

Question 3

What even is required reserve ratios ??

Answer 3

Central Banks require that commercial banks hold back a percentage of the money deposited with them (as opposed to lending it all out) so as to avoid running into difficulties if depositors unexpectedly want their money back. In 2022 it was at 12.5%♥️

Question 4

What is the central bank in the UK called ?

Answer 4

BANK OF ENGLANDDD🏴󠁧󠁢󠁥󠁮󠁧󠁿