In the modern economy, what is a “central bank”?

A bank for government Payment facilitator Supervisor/regulator Monetary policy

The bank for governmentCollect & disperse fundsAct as agent

BorrowingIntervention

“Lender of Last Resort”

Payment facilitator

Issuer and guardian of currency and coinWe are not the mint.We are not the Bureau

of Engraving & PrintingProcessor of checksProcessor of electronic

payments

Supervisor/regulatorProtect/monitor

banking/payment systemMaintain standardsAudit financial

institutions & holding companies

Monetary policyConduct monetary policy

Set and change the quantity of money

Set and change the price of money

Maintain pegs to other currenciesMaintain one currency’s

value relative to another currency

Currency boards