Economics » Monetary Policy and Bank Regulation » The Federal Reserve Banking System and Central Banks

Key Concepts and Summary

Key Concepts and Summary

The most prominent task of a central bank is to conduct monetary policy, which involves changes to interest rates and credit conditions, affecting the amount of borrowing and spending in an economy. Some prominent central banks around the world include the U.S. Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England.

Glossary

central bank

institution which conducts a nation’s monetary policy and regulates its banking system


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