The Role and Functions of the Central Bank. Instruments of Credit-Monetary Policy
Анотація
Banks and financial institutions play a key role in converting the savings of households and other sectors of the economy into productive types of investment. Performing their function as intermediaries, these institutions stimulate the growth of the total savings kept in them in the form of deposits. In order to ensure the growth of savings and, in turn. enhance their own ability to compete, such institutions engage in a constant search for the most profitable types of investments in which to place these savings.
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