ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Federal Reserve System, often referred to as the Federal Reserve or simply “the Fed, ” is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

Detailed explanation-2: -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-3: -The Federal Reserve System (sometimes called “The Fed") is the central bank of the United States. As the St. Louis Fed’s overview “In Plain English” explains it, A “central bank” is the name given to a country’s primary monetary authority.

Detailed explanation-4: -The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.