_________ is the apex body of the monetary and banking system of the country’s economy. 

A

Commercial bank

B

Central bank

C

Government

D

Co-operative bank

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And now we give you the correct answer:

Approved answer

Correct option is B)

Central bank is an apex bank that controls the entire banking system of a country. It is the sole agency of note issuing and controls the supply of money in the economy. It serves as the banker of the government and manages foreign exchange of the government.