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Nataliya [291]
3 years ago
6

An important function of the regional federal reserve banks is

Social Studies
1 answer:
nikdorinn [45]3 years ago
7 0
<span>An important function of the regional federal reserve banks is clearing checks. The Reserve Banks debit the Federal Reserve account of the paying institution or its correspondent when the checks drawn on the paying institution are presented to that institution for payment.</span>
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