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Central bank   /sˈɛntrəl bæŋk/   Listen
Central bank

A government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government.

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"Central bank" Quotes from Famous Books

... Governor received a majority of one in Wilkes County, the Whigs were defeated for the legislature. When he returned to the Assembly in 1842 he still found Governor McDonald and the Democrats supporting a central bank and the sub-treasury. They clamored to restore public finances to the old system. The Democrats held the legislature and elected to the United States Senate Walter T. Colquitt over Charles J. Jenkins. Although a member of the minority party, Mr. ...
— Robert Toombs - Statesman, Speaker, Soldier, Sage • Pleasant A. Stovall

Words linked to "Central bank" :   Federal Reserve System, Fed, financial institution, Bundesbank, Bank of England, Bank of Japan, Federal Reserve, financial organisation, financial organization, FRS, European Central Bank

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