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central bank definition

central bank

  1. the main, centralized bank of a nation, responsible variously for implementing monetary policy, issuing currency, handling banking transactions for the government and other banks, etc.
  2. any of the twelve district banks of the Federal Reserve System

Related Forms:

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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