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SCORPION-xisa [38]
2 years ago
5

Why did the location of Cairo make it the center of culture and civilization?

Social Studies
1 answer:
inessss [21]2 years ago
3 0

Answer: The area around present-day Cairo, especially Memphis, which was the old capital of Egypt, had long been a focal point of Ancient Egypt due to its strategic location just upstream from the Nile Delta. However, the origins of the modern city are generally traced back to a series of settlements in the first millennium.

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<h3>What is a central bank and what are its duties?</h3>

An independent national body known as a central bank manages monetary policy, oversees bank regulation, and offers financial services, such as economic research. Its objectives are to maintain low unemployment, avoid inflation, and stabilize the national currency.

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Economic and monetary policy, as well as the stability of the financial system, are under the control of central banks. These organizations determine interest rates and manage the nation's money supply. One of the world's most potent central banks is the U.S. Federal Reserve.

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