The Economics of Money and Banking Chapter 7 Central Banks >>Functions of Central Banks 2 A:Issuing Bank Central Banks Functions and Business of A central bank monopolizes the issuance of banknotes and is the only one to issue notes in a nation. ▣ A central bank,a supreme policy-making organ,plays a very important role in determining money supply. 5 GUO YING SEM TONGJI UNIVERSITYThe Economics of Money and Banking 5 GUO YING SEM TONGJI UNIVERSITY 2  A central bank monopolizes the issuance of banknotes and is the only one to issue notes in a nation.  A central bank , a supreme policy-making organ, plays a very important role in determining money supply. Functions of Central Banks A: Issuing Bank Chapter 7 Central Banks Central Banks Functions and Business of