Economy
46501515 / 55501167
The European Central Bank (ECB)
Tasks and Functions
Central banks, which are also referred to as banks of issue, have a controlling function in the monetary economy. They are responsible for stabilising price levels. This means that they are supposed to ensure that the goods we purchase will have a roughly similar price in the future. This control is exercised via the amount of money the central bank gives to commercial banks. Thus, central banks are banks for banks.
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