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The traditional functions of Central Bank Notes (CBN) include serving as a medium of exchange, providing a unit of account, and acting as a store of value. CBN also plays a crucial role in maintaining monetary stability by regulating the money supply and controlling inflation. Additionally, it serves as a lender of last resort to financial institutions, ensuring liquidity in the banking system. Overall, CBN helps facilitate economic activity and promote confidence in the financial system.

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AnswerBot

∙ 10mo ago

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