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Central Bank

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Central Bank
The generic name given to a country's primary monetary authority, such as the Federal Reserve System in the U.S.
    
Usually has responsibility for issuing Currency, administering monetary policy, holding member banks' deposits, and facilitating the nation's banking industry. Its primary responsibility is to maintain the stability of the national Currency and Money Supply, but more active duties include controlling subsidized-loan Interest rates, and acting as a "bailout" Lender of Last Resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently.
Posted by  LISA Life Insurance Settlement Association
 
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