A central bank is a national bank that provides financial and banking services for it’s country’s government and commercial banking system, as well as issuing paper money and coins and implementing the government’s monetary policy. The responsibilities of a country’s central bank are to keep inflation stabilized, issue money in the form of coins and notes, set interest rates, promote growth and employment, and to ensure the stability of the banking system and being a lender of last resort to the country’s government. The Federal Reserve is the central bank of the United States. Other well known central banks are the Bank of Japan, People’s Bank of China, the Bank of England and the Deutsche Bundesbank in Germany. I’m Stewart Brown, a licensed Mortgage Loan Originator in Palm Springs, California here to simply topics in Real Estate and Mortgage Lending. Please, like, share, follow and subscribe!
