1. Describe the objectives of a central bank. What are its main attributions? 2. Explain why fractional banking needs a central bank for its survival. 3. Define money and its function. 4. How do you...

1. Describe the objectives of a central bank. What are its main attributions?

2. Explain why fractional banking needs a central bank for its survival.

3. Define money and its function.

4. How do you judge the track record of central bank in fulfilling its mandate to preserve the value of money?