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Tax Engineering

What is the central bank?


Question

What is the central bank?

Answer

The central bank is the main bank of the state that acts as intermediary between the government of the country and its financial sector. Its main functions are national currency issue, banking sector regulation and supervision of all monetary operations. All financial entities registered in a territory of a country are controlled and monitored by the central bank. Also the central bank controls national interest rates and the amount of money in circulation. 



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