How do central banks govern the banking industry? Check all that apply. 1) by deciding how much banks must keep in reserve 2) by overseeing the nation's payment system 3) by supervising the loan process at banks 4) by printing money for distribution to banks 5) by responding quickly to banking crises that occur 6) by auditing banks based on current regulations

Question

Abdiel Oconnor

Business

28 June, 01:49

How do central banks govern the banking industry? Check all that apply. 1) by deciding how much banks must keep in reserve 2) by overseeing the nation's payment system 3) by supervising the loan process at banks 4) by printing money for distribution to banks 5) by responding quickly to banking crises that occur 6) by auditing banks based on current regulations

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Answers (2)

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Roselyn Graves · Answer 1

Below are how do central banks govern the banking industry:

by deciding how much banks must keep in reserve

by overseeing the nation's payment system

by responding quickly to banking crises that occur

by auditing banks based on current regulations

Central Bank is a nationalized institution that has the power to control the production of money in a certain country. It is also responsible for the circulation of the policy in terms of money to other banks.

Grant Gill · Answer 2

-by deciding how much banks must keep in reserve

-by overseeing the nation’s payment system

-by responding quickly to banking crises that occur

-by auditing banks based on current regulations

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