Question

Which of the following was the nationโs first true central bank?

Answer 1

Federal Reserve System is the answer.

Answer 2

The correct answer is: Federal Reserve System.  The FED is the central bank of the United States, its mission is to promote a solid banking system and a prosperous economy. It is composed of 12 banks and each one serves in a specific region of the country. The ferderal reserve system works as a bank for banks, it also manages the nation's money.