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Tags: banking, public organization
Categories: Economics & Finance
Generic name given to a country’s primary monetary authority.
(source. http://www.investorwords.com/801/Central_Bank.html)
Central banks have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. Central banks also generally issue currency, function as the bank of the government, regulate the credit system, oversee commercial banks, manage exchange reserves and act as a lender of last resort.
(source: http://www.investopedia.com/terms/c/centralbank.asp)
Synonyms:
reserve bank
