What is the Federal Reserve System? How is it organized?View Solution:
What is the Federal Reserve System How is it organized
The United States has a Federal Reserve System that is the sole authority of regulations and functions in the economy. The Federal Reserve System is considered as the primary source of all the funds and generations of the economy in case of money supply and the other economic activities that lead to significant proposals for the same.
The Federal Reserve System is the central bank of the United States that works to control the economy and its several economic activities including the monetary policy and the fiscal policy. The Federal Reserve System works in accordance to the economic activities, its rules and functions along with several considerations as well. It works as a full-fledged system along with many suggestions and monetary and fiscal experiences and controls all the working systems as well.
The broad organization includes the central authority or the board of governors along with the 12 Federal Reserve banks that is a decentralised network throughout the USA. The Fed is responsible for allowing the economy to grow through its major aspects and dealings and the way the citizens can be treated.
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