<u>Answer and Explanation:</u>
The Federal Reserve, also known as the Fed, is central bank of the United States of America and its major purpose is to provide safety to the nation regarding the money and finances.
All the American banks are overlooked by them and they are the only ones that are allowed to issue currency of United States. Moreover, their main job is to conduct the monetary policies for the American government.
The U.S depended on imported goods from Great Britain.
:D
<span>The effect of presidential coattail describes when a popular president running for reelection brings additional party candidates into office. This effect is brought about by the popularity of the presidential candidate who brings in supporters that will also vote for his/ her party's candidates. This is in relation to the idiom, ride on coattails, which means riding on another person's success. </span>
The correct answer is on November 5, 2013
