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1 day ago · A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
4 days ago · The modern central bank has had a long evolution, dating back to the establishment of the Bank of Sweden in 1668. In the process, central banks have become varied in authority, autonomy, functions, and instruments of action. Virtually everywhere, however, there has been a vast and explicit broadening of central-bank responsibility for promoting ...
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2 days ago · Federal Reserve System, central banking authority of the United States. It acts as a fiscal agent for the U.S. government, is custodian of the reserve accounts of commercial banks, makes loans to commercial banks, and oversees the supply of currency, including coin, in coordination with the U.S. Mint. The system was created by the Federal ...
1 day ago · The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
- c. 217,000 (2022)
- Financial services
- US$94.95 billion (2022)
2 days ago · Monetary Policy. Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue.
1 day ago · Constitution of the United States of America, the fundamental law of the U.S. federal system of government and a landmark document of the Western world. The oldest written national constitution in use, it defines the principal organs of government and their jurisdictions and the basic rights of citizens.
1 day ago · The Federal Republic of Central America ( Spanish: República Federal de Centro América ), originally known as the United Provinces of Central America ( Provincias Unidas del Centro de América ), was a sovereign state in Central America which existed from 1823 to 1839. The federal republic was composed of five states: Costa Rica, El Salvador ...
