Glossary

A Central Bank is a national institution responsible for managing a country's monetary policy, regulating its financial system, and ensuring the stability of its currency. 💱

Central banks control the supply of money and set key interest rates, which influence borrowing, saving, and investment activities in the economy. They also act as lenders of last resort, providing financial support to commercial banks during crises.

For example, the US Federal Reserve (the Fed) is the central bank of the United States.🇺🇸

Fun fact: The Sveriges Riksbank, founded in 1668 in Sweden, is considered the world's oldest central bank. 📜 It was initially created to provide credit to the government and manage the issuance of banknotes.