Central bank

Learn how central banks influence the economy and maintain financial stability. Explore the functions and responsibilities of central banks in shaping monetary policies for a thriving economy.
Most people think that a commercial bank is the same as the central bank, but they are not as there’s a monumental difference. Central banks are the Godfather of all commercial banks in a country. I’ll put emphasis on the word “in a country”, because most countries have their own central banks like, the Central Bank of England in the UK, The Federal Reserve Bank in the US, Bangko Sentral ng Pilipinas in the Philippines, and others more.

Most people think that a commercial bank is the same as the central bank, but they are not as there’s a monumental difference. Central banks are the Godfather of all commercial banks in a country. I’ll put emphasis on the word “in a country”, because most countries have their own central banks like, the Central Bank of England in the UK, The Federal Reserve Bank in the US, Bangko Sentral ng Pilipinas in the Philippines, and others more.

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Evan Louise Madriñan - UK-Based Millennial - Finance Writer
Chicago, Museums, Architecture, Federal, Chicago Architecture Foundation, Central Bank, Banks Building, Federal Reserve System, Federal Reserve

NOTE: All visitors over age 18 must present a valid, government-issued ID to enter. The Chicago Fed is one of 12 regional Reserve Banks that--together with the Board of Governors--make up the Federal Reserve System, our nation's central bank. One of its many responsibilities is making sure that there is a sufficient supply of U.S. currency in good condition. They oversee the Seventh Federal Reserve District, which includes all of Iowa and parts of Illinois, Indiana, Wisconsin, and Michigan…

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TomnBong Nguyen