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Q: Why do central banks play an important role in society?
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Why do central banks play an important role in a global economy?

they control the foreign currency reserves that are used for international trade


How did Confucianism come to play an important role in Chinese society?

It shaped the society into what it is to-day.


Why do central banks play an imporrtant role in the international banking system?

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.Each country has a central bank that supervises the banks that operate in that country.


Role of central bank in economic development?

Central banks play a huge role in economic development. They manage a state's money supply, currency, and interest rates.


Why do central banks play an impoirtant role in the international banking system?

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. Each country has a central bank that supervises the banks that operate in that country. In India it is the Reserve Bank of India.


Who were the griots what role did they play in west African society?

griots were important in african society because they were african messengers.


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How do songs play an important role in the civil rights movements?

IN civil society songs play an important role and song may be present the feeling of a person


Ask us anythingCentral banks play an important role in the international banking system because they do what?

Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.


What role does the central bank play if the fixed rate is set below market equilibrium?

If the fixed rate is set below market equilibrium , the central bank plays an important roll as follows: 1) They will not return the money anyone invested 2) They can bully the government to give them money 3) They will stole another banks money for their need 4) They will encounter police


What role did scribes play in sumerian society?

very important one they were assigned oral and written work


What sport did Gordon Banks play?

Gordon Banks played English football.