Welcome to OptionRally Academy, I’m Amy Anderson
with the Term of the day. Today we are going to talk about Central Bank.
The Central Bank name is used to refer to any nation’s leading authority in monetary
manners. Every country has a central bank, in the U.S. it is the Federal Reserve, in
the UK it is the Bank of England and for Europe it is The European Central Bank. The primary function of a central bank is
to manage the nation’s money supply, through active duties such as managing interest rates,
setting the reserve requirement, and acting as a lender of last resort to the banking
sector during times of bank insolvency or financial crisis. Thank you for joining me for the term of the
day, join me for a new term every day. You can also follow me on my Facebook page.