What is Central bank?
Money & central banksThe public institution that manages a country's money, sets its main interest rate and supervises payment systems.
Think of it like: The referee of the money game.
Real example: The US Federal Reserve, the European Central Bank, Bank Indonesia, the Bank of Mexico (Banxico) and the Reserve Bank of India.
Lesson: Meet the world's central banks Practise it now: Carry Trade Caravan