Wednesday, 15 April 2009

Central bank/national bank

Central bank Is an institution that is entrusted with the job of a driver. A person or institution
that makes sure that the economy is heading in the right direction like the Reserve bank of
India or Federal Reserve of USA
And unlike most of the people think it actually works differently than governments,
governments can come and go, Central banks stay.
They take money for the govt. from the market. It’s usually called govt bond or Treasury bond

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