central bank
/ˌsɛntɹəl ˈbæŋk/
Word Rarity
Uncommon
Frequency: Zipf frequency 4.84 in modern English
19
Scrabble Score
11
Letters
2
Syllables
9
Unique Chars
Meaning
noun
The principal monetary authority of a polity or monetary union, which normally implements monetary objectives by controlling interest rates, issuing currency, managing the national debt, overseeing banking and financial activities, and regulating the supply of money.
Example Sentences
- "The first necessity of a Central Bank, charged with responsibility for the management of the monetary system as a whole, is to make sure that it has an unchallengeable control over the total volume of bank-money created by its Member Banks."
Etymology
Regional Pronunciation
- American English: /ˌsɛntɹəl ˈbæŋk/
- British English: /ˌsɛntɹ(ə)l ˈbæŋk/