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Meaning of central bank | Babel Free

Noun CEFR B2
/ˌsɛntɹ(ə)l ˈbæŋk/

Definitions

The principal monetary authority of a polity or monetary union, which normally implements monetary objectives by controlling interest rates, issuing currency, managing the national debt, overseeing banking and financial activities, and regulating the supply of money.

Equivalents

Examples

“The first necessity of a Central Bank, charged with responsibility for the management of the monetary system as a whole, is to make sure that it has an unchallengeable control over the total volume of bank-money created by its Member Banks.”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

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