money market center bank

money market center bank definition - business

money market center bank

A big commercial bank located in a large metropolitan center. Money market center banks play a leading role in trading financial instruments, determining market interest rates, and providing leadership to commercial banks located outside the money centers. Also called money center 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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