Answer to Question #131212 in Macroeconomics for Valerie

Question

Choose the correct answer
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.

Answer 1

(3) is the correct answer. The function of the South African Reserve Bank as a bank supervisor, is to achieving a sound, efficient banking system in the interest of depositors of banks and the economy as a whole. The others it's functions too.