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  2. Federal Reserve - Wikipedia

    en.wikipedia.org/wiki/Federal_Reserve

    The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.

  3. Central bank - Wikipedia

    en.wikipedia.org/wiki/Central_bank

    Macroeconomics. A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.

  4. European Central Bank - Wikipedia

    en.wikipedia.org/wiki/European_Central_Bank

    Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]

  5. Central bank digital currency - Wikipedia

    en.wikipedia.org/wiki/Central_bank_digital_currency

    A central bank digital currency (CBDC; also called digital fiat currency[ 1 ] or digital base money[ 2 ]) is a digital currency issued by a central bank, [ 3 ] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, [ 4 ] as is the case with physical banknotes and coins. The two ...

  6. Online banks vs. traditional banks: How they compare on ... - AOL

    www.aol.com/finance/online-banks-vs-traditional...

    An online bank works like your everyday bank, only without the network of physical locations you'll find with a banking chain like Chase or Capital One. With an online bank, your banking tasks are ...

  7. Central Bank of India - Wikipedia

    en.wikipedia.org/wiki/Central_Bank_of_India

    A 2010 stamp dedicated to Sorabji Pochkhanawala and the 100th anniversary of the Central Bank of India. The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as chairman, [6] and the first commercial Indian bank completely owned and managed by Indians.

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