The central bank is the only authorized institution with the power to issue currency.

Name: The central bank is the only authorized institution with the power to issue currency.
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Question

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Central banks, such as the Federal Reserve in the United States or the European Central Bank in the Eurozone, are the only institutions authorized to issue currency. This is a key function of central banks, enabling them to manage the nation's money supply and implement monetary policy.

The Central Bank Is the Only Authorized Institution with the Power