central bank

central bank definition - business

central bank

A bank administered by a national government. A central bank issues money and carries out the country's monetary policy. The Federal Reserve System is the central bank of the United States. Also called national bank.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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