Public debt management is one of the functions of a?

Assessment: JAMB UTME - Commerce - 2003 Subject: Commerce

Question 1 Report

Public debt management is one of the functions of a?
Answer Details
Public debt management is one of the functions of a central bank. Central banks are responsible for managing a country's monetary policy, which includes controlling the money supply, interest rates, and inflation. Public debt management involves managing the government's debt, which is typically issued through the central bank. The central bank can manage public debt by buying or selling government securities in the open market, adjusting interest rates, and providing advice to the government on debt management strategies. Therefore, the central bank is responsible for managing the public debt of a country, among other monetary policy functions.
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