All states require a central authority to issue valid currency, set interest rates and exercise supervision over the banking and credit sector of the economy. The institutions carrying out these tasks are usually referred to as central banks, though...

The bank of any country which ultimately guarantees the LIQUIDITY of the banking system as a whole. It is usually owned by the government (in the USA, the Federal Reserve System is owned by the member banks). By setting interest rates for discounting...

The interconnected banking institutions of a particular country. These receive deposits from the public, lend at home and abroad and effect the transfer of funds. As the ultimate guarantor of the LIQUIDITY of a banking system, a national CENTRAL BANK...

A central bank, reserve bank, or monetary authority, is an entity responsible for the monetary policy of its country or of a group of member states. Its primary responsibility is to maintain the stability of the national currency and money supply, but...