central bank

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noun
  1. a bank, as the Federal Reserve Bank, that holds basic banking reserves, issues currency, and acts as lender of last resort and controller of credit.

Origin of central bank

1
First recorded in 1920–25

Words Nearby central bank

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How to use central bank in a sentence

British Dictionary definitions for central bank

central bank

noun
  1. a national bank that does business mainly with a government and with other banks: it regulates the volume and cost of credit

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