Central Bank
Definition
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.
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Related Terms
bank rate, lender of last resort, open market operation
'Central Bank
' appears in the definitions of these other terms on BusinessDictionary.com repo rate, lender of last resort, Bank for International Settlements (BIS), open market operations, European Central Bank (ECB), and 
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