Why do central banks play an important role in the global economy

The main role of Central bank is to conduct monetary policy to achieve stability in price and further help to manage economic fluctuations. The policies and framework of the central bank have been gone through massive changes over time.

The central bank leads to Monetary policy by controlling the money supply. usually by open market operations. foe example central bank can reduce the money amount by selling the government bonds by sale repurchase agreement by taking money from the commercial bank.

swe hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. — that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed, — that whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. "

- declaration of independence

  according to this passage from the declaration of independence, who gives government the power to exist?

a) the king

b) the people

c) their creator

d) their governmenthook

the process of industrialization is called a revolution because