ICSE Class X Economics 2018 Solved Papers
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Question : 19
Total: 35
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.
(i) To maintain uniformity in currency.
(ii) To avoid over-issue.
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