The Central Bank of Malaysia reported that commercial banks held RM 45 billion in reserves in 2023. Which of the following is NOT a function of a central bank?

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Question

The Central Bank of Malaysia reported that commercial banks held RM 45 billion in reserves in 2023. Which of the following is NOT a function of a central bank?

Accepted Answer

Accepting deposits from individual households — Award 1 mark for identifying that accepting deposits from individual households is a function of commercial banks, not central banks. A is incorrect — central banks do act as banker to commercial banks. C is incorrect — controlling money supply is a key central bank function. D is incorrect — acting as lender of last resort is a central bank function to support the banking system.

Answer

Acting as lender of last resort

Answer

Controlling the money supply

Answer

Acting as banker to commercial banks

Answer

Accepting deposits from individual households

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