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central bank
Sign in to saveAlso known as reserve bank, national bank, monetary authority
public institution that manages a state's currency, money supply, and interest rates
AI overview
A central bank is a public institution that manages a country's currency, controls how much money is in circulation, and sets interest rates. It matters because these decisions affect inflation, employment, and the overall health of the economy.
AI-generated from the Wikipedia summary — may contain errors.
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