Geocentric model coelestium" ("On the Revolutions of the Heavenly Spheres"), which posited that the Earth and the other planets instead revolved around the Sun. The geocentric system was still held for many years afterwards, as at the time the Copernican system did not offer better predictions than the geocentric system, and it posed problems for both natural philosophy and scripture. The Copernican system was no more accurate than Ptolemy's system, because it still used circular orbits. This was not altered until Johannes Kepler postulated that they were elliptical (Kepler's first law of planetary motion). With the invention of the telescope in 1609,
Central bank may incorporate the word "Central" (for example, European Central Bank, Central Bank of Ireland, Central Bank of Brazil). In some countries, particularly in formerly Communist ones, the term national bank may be used to indicate both the monetary authority and the leading banking entity, such as the Soviet Union's Gosbank (state bank). In rare cases, central banks are styled "state" banks such as the State Bank of Pakistan and State Bank of Vietnam. Many countries have state-owned banks or other quasi-government entities that have entirely separate functions, such as financing imports and exports. In other countries, the term national bank