CENTRAL BANK • FREE TRANSLATOR.ORG • Definition of Central bank

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/sˈɛntrəl bæŋk/ Listen

Central bank

noun

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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Etymology of 'Central bank'

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European Central Bank

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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

... "That civilization owes more to the railroad than the steamboat," "That the fireman is braver than the policeman," in the clubs of boys from the sixth and seventh grades, to the discussion of municipal ownership, tariff commission, establishment of a central bank, and commission government for cities, in clubs composed of high school boys. Aside from what practice in the form of debating means to the boys in developing ability to think clearly and to speak to the point, discussion of vital questions ...

— Library Work with Children • Alice I. Hazeltine