What are the functions of the south african reserve bank

Asked by admin @ in Business viewed by 273 People

The function of the South African Reserve Bank as bank supervisor entails …

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.
[2] making, issuing and destroying banknotes and coins.
[3] achieving a sound, efficient banking system in the interest of depositors of banks and the economy as a whole.
[4] formulating an exchange rate policy.

Answered by admin @


Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:


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