Question

A public authority that provides banking services to co m m ercial banks and regulates financial institutions and m arkets is called a A ) thrift institution. B) com m ercial bank. C ) central bank. D ) m int. E) m oney m

Answer 1

Answer:

C ) central bank.

Explanation:

Central bank is also known as banker's bank or bank for commercial banks. They are custodians of cash reserves of commercial banks and lenders too. Commercial banks also store a percentage of it's deposit with commercial banks.