ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Federal Reserve
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The United States National Bank
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The National Bank of the United States
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Bank of America
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Detailed explanation-1: -Board of Governors of the Federal Reserve System 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: -In its role as the central bank of the United States, the Fed serves as a banker’s bank and as the government’s bank. As the banker’s bank, it helps to assure the safety and efficiency of the payments system.
Detailed explanation-3: -Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1, 336 branches spread across different states in India.
Detailed explanation-4: -The Federal Reserve payments system, known as the Fedwire, moves trillions of dollars daily between banks. 2. The Federal Open Market Committee is the Fed’s monetary policy-making body and manages the country’s money supply.