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Central bank

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The central bank, reserve bank, or monetary authority, is the entity responsible for the monetary policy of a country or of a group of member states.

Functions

Its primary responsibility is to maintain the stability of the national currency and money supply.

Most richer countries today have an "independent" central bank-such as the Reserve Bank of India.

Smallwikipedialogo.png This page uses content from Wikipedia. The original article was at Central bank. The list of authors can be seen in the page history. As with the India Wikia, the text of Wikipedia is available under the GNU Free Documentation License.

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