LEARN FINANCE CONCEPTS IN JUST 1 MINUTE
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Central banks are the backbone of a country's economy, managing monetary policy and overseeing the banking system. The Federal Reserve is the central bank of the United States. They have the power to control interest rates and the money supply, playing a crucial role in maintaining financial stability, promoting economic growth and controlling inflation. Central banks also provide important financial services to the government and commercial banks. Learn more about the important role central banks play in this informative video
