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money market center bank

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Financial Dictionary

money market center bank

A big commercial bank located in a large metropolitan center. Money market center banks play a leading role in trading financial instruments, determining market interest rates, and providing leadership to commercial banks located outside the money centers. Also called money center bank.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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