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Economics (AS & A Level) · Feb / March 2023 · Paper 32 · Question 18

9708Money and banking

Which statement applies to a central bank and to a commercial bank?

  1. Aissues bank notes: central bank yes, commercial bank yes
  2. Blender of the last resort: central bank yes, commercial bank yes
  3. Cmaximises profit: central bank no, commercial bank yes
  4. Dreceives deposits directly from the government: central bank no, commercial bank yes

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Correct answer: C. maximises profit: central bank no, commercial bank yes

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