Wednesday, June 1, 2011

Central bank

Central bank is the most powerful bank in the world.It has power of all money in the world and dictating prices in whole world of economy.Central bank of the world gives money to all other banks and they return money with small interest rate(aproximetlly 2%).Some countries also borrow money from central bank,because it is global and has more capital then one state.When it come to collapse like in 1929. central bank and politics of country are main sources of ending the collapse.State is giving public jobs and banks are releasing the money to people.

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