ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
true
|
|
|
false
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.
Detailed explanation-2: -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-3: -The Federal Reserve System (sometimes called “The Fed") is the central bank of the United States.
Detailed explanation-4: -The Federal Reserve System (FRS) refers to the central bank of the United States. The Fed, as it is commonly known, sets the monetary policy of the United States.
Detailed explanation-5: -The authors of the Federal Reserve Act found a fairly simple solution. 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.