The federal reserve bank in the USA and the central bank in other countries??

Question

a control who borrows money
b regulate the interest rate
c print the money in circulation
d operate other banks

Answer 1

(b) regulate the interest rate

Central banks have a number of objectives, which Chandavarkar (1996) has classified as follows:
(i) tactical or macroeconomic objectives (relating primarily to the domestic price level and the exchange rate);
(ii) long-term strategic objectives of financial sector development (including the development of an effective payments system and other forms of financial
infrastructure); and
(iii) sectoral or microeconomic objectives (such as prudential supervision and deposit insurance).