Question

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

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Step-by-step explanation: