ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of the U.S.
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The Federal Reserve
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U.S. Congressional Bank
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The Federal Bank of America
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Detailed explanation-1: -The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Detailed explanation-2: -Federal Reserve Board-Federal Reserve Banks.
Detailed explanation-3: -Instead of banks keeping what they regarded as their reserve deposits with each other, have them keep their reserve deposits with a central federal bank called Federal Reserve Banks. Thus the primary function of the new central bank was to consolidate the reserves of the banking system.
Detailed explanation-4: -The Federal Reserve System, the central bank of the United States, was founded by Congress to provide a safe, flexible and stable monetary and financial system.
Detailed explanation-5: -The Reserve Bank of India is the central bank of the country.