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Glossary Term: CENTRAL BANK

Definition(s) for CENTRAL BANK:


1. ) a bank administered by a national government. A central bank issues money and carries out the country's monetary policy. The Federal Reserve System is the central bank of the United States.

2. ) The principal monetary authority of a nation, which performs several key functions, including issuing currency and regulating the supply of credit in the economy. The Federal Reserve is the central bank of the United States.



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