EAE401: MONETARY THEORY AND POLICY

Institution KENYATTA UNIVERSITY
Course BACHELOR OF COMMERCE
Year 4th Year
Semester Unknown
Posted By Brian Mike
File Type pdf
Pages 30 Pages
File Size 432.06 KB
Views 3257
Downloads 1
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Description

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.
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