National Bank (Noun)
Meaning
A commercial bank chartered by the federal government.
Classification
Nouns denoting groupings of people or objects.
Examples
- The national bank was established to stabilize the national currency and provide a sound financial system for the country.
- The national bank issued banknotes that were backed by the government, giving people confidence in the currency.
- The national bank was responsible for managing the government's finances and providing loans to the government when needed.
- The national bank was also responsible for regulating the banking industry and ensuring that all banks operated in a safe and sound manner.
- The national bank played a crucial role in the country's economic development by providing financing for infrastructure projects and other large-scale investments.