Social Sciences and the Law

How does the central bank work?

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Such duties are met by controlling the discount rate, making reserve advances to commercial banks, trading in government obligations, and acting as the government's fiduciary agent in its dealings with other governments and other central banks.

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Get more facts and information about central bank . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: How do central banks meet their goals? What actions can central banks take? How do central banks meet their responsibilities? How are the goals of the central bank accomplished? [ Hide these questions ]

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