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The European Central Bank (ECB) is the prime component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks.
Apr 6, 2022 · A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the...
The Federal Reserve (sometimes called "The Fed") is the American central bank in Washington, D.C. It was founded in 1913. It lends money to other, smaller banks.
