reserve bank
A 'reserve bank' plays a crucial role in a country's economy by managing monetary policy, currency issuance, and financial stability.
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Definition
C1National Economy
(general)A central institution that manages a country's monetary policy, issues currency, and oversees the financial system.
Example
- The reserve bank decided to cut interest rates to boost economic growth.
C1Federal Reserve System (US)
(specific)A regional entity within the Federal Reserve System that implements monetary policies and supervises local banks.
Example
- The New York Reserve Bank plays a key role in executing the Federal Reserve's open market operations.
Similar
Terms that have similar or relatively close meanings to "reserve bank":