Social Sciences and the Law

What are the duties of a central bank?

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The responsibilities of the central bank usually include maintaining adequate reserve backing for the nation's commercial banks and regulating the exchange rate of the nation's currency.

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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: What national responsibilities do central banks have? What role do central banks play in national finance? What does a central bank accomplish for the nation? [ Hide these questions ]

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