Review:
Central Banks
overall review score: 4.5
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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