Question

the federal reserve: regulates the banking system. clears all checks. prints all currency. makes loans to individuals.

Answer 1

The Federal reserve regulates the banking system. The American government's central bank and monetary authority is known as the Federal Reserve System.

• A secure, adaptable, and stable monetary and financial system is provided by the Fed for the nation.
• The 12 regional Federal Reserve Banks that make up the Federal Reserve System are each in charge of a particular part of the country.
• Conducting national monetary policy, overseeing and regulating banks, preserving financial stability, and offering banking services are among the Fed's primary responsibilities.
• The Fed manages the nation's money supply through the Federal Open Market Committee, which also sets monetary policy.
• The Federal Reserve System's primary regulator of banks that are members is the Fed, which has broad authority to take action to promote financial stability.

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