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Central bank
//ˌsɛntɹ(ə)l ˈbæŋk// noun
Definitions
Noun
- 1 The principal monetary authority of a polity or monetary union, which normally implements monetary objectives by controlling interest rates, issuing currency, managing the national debt, overseeing banking and financial activities, and regulating the supply of money.
"The first necessity of a Central Bank, charged with responsibility for the management of the monetary system as a whole, is to make sure that it has an unchallengeable control over the total volume of bank-money created by its Member Banks."
- 2 a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government wordnet
Etymology
From central (adjective) + bank (noun).
See also for "central bank"
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