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Review:

Central Banks

overall review score: 4.5
score is between 0 and 5
Central banks are financial institutions that oversee a country's monetary policy and regulate its money supply. They play a crucial role in maintaining economic stability and controlling inflation.

Key Features

  • Monetary policy
  • Regulation of money supply
  • Lender of last resort
  • Custodian of foreign exchange reserves

Pros

  • Help maintain economic stability
  • Control inflation
  • Act as lender of last resort during financial crises

Cons

  • Potential for political interference
  • Impact on income distribution

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Last updated: Mon, Feb 3, 2025, 04:17:57 AM UTC