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Who watches over the banks?

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Anonymous

10y ago
Updated: 5/7/2022

Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.

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Dortha Miller

Lvl 10
3y ago

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