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This is an essay question: 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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4.1 Ratings (832 Votes)
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    See Answer
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