CENTRALBANK

Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the amount of money in the nation, and usually also prints the national currency, which usually serves as the nation's legal tender. Examples include the European Central Bank and the Federal Reserve of the United States.

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central bank

Noun

  1. The principal monetary authority of a polity or monetary union; it normally regulates the supply of money, issues currency and controls interest rates. It usually oversees banking activity within its country's borders.


The above text is a snippet from Wiktionary: central bank
and as such is available under the Creative Commons Attribution/Share-Alike License.

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