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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 monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender.

Source: https://en.wikipedia.org/wiki/Central_bank
Created by  steve2222 , January 9th, 2016 at 08:20 AM
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European Central Bank  steve2222  Terms (Glossary) 0 January 2nd, 2016 04:15 PM

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