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Free_Kalibri [48]
2 years ago
9

Traditionally, the federal reserve can give emergency loans only to select one:

Business
1 answer:
jeyben [28]2 years ago
6 0
The federal reserve is the central bank of the United States of America. It is considered as an independent bank because it does not need permission from the President to make transactions. Moreover, it does not benefit from the Congress' budget. The federal reserve only gives emergency loans to commercial banks during times of crisis to prevent bankruptcy. 
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