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Definition of reserve bank noun from the Oxford Advanced Learner's Dictionary

reserve bank

noun
 
/rɪˈzɜːv bæŋk/
 
/rɪˈzɜːrv bæŋk/
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  1. (in the US) a regional bank that operates according to the policies of the Federal Reserve System see also Federal Reserve Bank
  2. (Australian English, New Zealand English, South African English) a central bank
    • The South African Reserve Bank cut interest rates last year.
    • The senator proposed that the reserve bank should offer online banking services.

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