Frankfurt, in the state of Hesse, has been Germany’s financial center for centuries, and it is the home of more than 300 national and international banks. The pillars of the city’s economy are finance, transportation and trade fairs. (The Internationale Automobil-Ausstellung is the world’s largest motor show; the Frankfurter Buchmesse, the world’s largest book fair; and the Musikmesse, the world’s largest music fair.) The Frankfurt Stock Exchange is Germany’s biggest, and Frankfurt is also the seat of the German Federal Bank and the European Central Bank, which sets monetary policy for the eurozone.
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