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3.1.2 Banking

Topic 3.1.2 - Banking This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the: Role and importance of central banks The European Central Bank (ECB) is located in Frankfurt, Germany A central bank is the monetary authority that oversees and manages the monetary system of a country, i.e., its money supply, the banking system, and the nation's monetary policies (see Unit 4.4)....

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