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Subject 3. The Roles of Central Banks
#cfa #cfa-level-1 #economics #macroeconomics #reading-19-monetary-and-fiscal-policy
Central banks all have similar roles:

  • Issue currency
  • The government's bank, and bank of the banks
  • Lender of last resort to the banking sector
  • Regulator and supervisor of the payments system
  • Set monetary policy
  • Regulate banking system
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