Economy, asked by yadavabhinash082, 9 hours ago

what is a central bank​

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Answered by XxSHaReeFxBaCHHaxX
1

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A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a state or formal monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.

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