A public authority that provides banking services to commercial banks and regulates financial institutions and markets is called a
A)commercial bank.
B)thrift institution.
C)central bank.
D)money market fund.
E)mint.

Question

Quizplus · Accepted Answer

A central bank is a public authority that provides banking services to commercial banks such as managing monetary policy, printing currency, and regulating financial institutions and markets.

A Public Authority That Provides Banking Services to Commercial Banks