Economic Definition of central bank. Defined.
Offline Version: PDF
Term central bank Definition: The banking authority of a nation that's in charge of ensuring a sound money supply and conducting the country's monetary policy. It's usually authorized by, and works closely with, the government to achieve full employment, low inflation rates , economic growth, and all of the other goals that make people happy, healthy, and wise. Unlike many other nations, which have a single central bank, the good old U. S. of A. actually has a de-central bank.
Permalink: https://glossary.econguru.com/economic-term/central+bank