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Other than performing general banking services, Central Bank has other duties and responsibilities. The responsibilities of the central bank involve: controlling the money supply for economic stability, regulating financial system and operating check-clearing system. Many industrial countries have Central Banks, which control over the other operating banks. (Department of Alfa-Informatica of the University of Groningen, 2001, section 1).
Banking is one of the economic segments, which becomes common among the American merchants. It was significantly unknown in North America during the Colonial Era when everything was controlled by landowners and regulated by England (Bankers of the Early Republic)...
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