Answer the following questions: 3. Explain the Data Collection and Publicity functions of the Central Bank.

Answer the following questions:

3. Explain the Data Collection and Publicity functions of the Central Bank.

Answer: 

3. The Central Bank collects a variety of data such as information about the agricultural, industrial and financial sectors, information about the exports and imports etc. It also publishes reports on the trends in the money and capital market, trends in the price levels etc. The information collected by the Central Bank is then used by the government to formulate its monetary and fiscal policies.

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