A central bank is a financial institution:

Question

Quizplus · Accepted Answer

Central banks, such as the Federal Reserve in the United States or the European Central Bank in the Eurozone, are primarily responsible for managing a country's currency, money supply, and interest rates. They do not operate to make a profit for shareholders or finance expenditures directly, nor are they owned by private insurance and investment companies. Their main role includes overseeing monetary policy, issuing currency, and serving as a banker to the government and other banks, thereby managing the monetary base available to other financial institutions and the public.

A Central Bank Is a Financial Institution