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What is the reason the Central Bank was Created and describe...
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Economics
This is an essay question:
What is the reason the Central Bank was Created and describe theUS Financial System
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A central bank is an organization that primarily manages a monetary system of a country which may range from managing the currency or money supply and interest rates but duties of a central bank varies from country to countryThe primary purpose for the creation of central bank is to safeguard the banks from unforseen events such as bank panics which arises when a huge number of investors approach the bank for withdrawing of deposit
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