Answer:
performs banking services for commercial banks in districts where it operates.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Hence, the Fed performs banking services for commercial banks in districts where it operates, as well as providing services to the general public.
Answer:
1940 – 1956: First Generation
1956 – 1963: Second Generation
1964 – 1971: Third Generation
1972 – 2010: Fourth Generation
2010- : (Present )Fifth Generation
Explanation:
- First Generation Computers (1940-1956):In this Generation the main component of computers were Vacuum Tubes.
- Second Generation Computers (1956-1963):In this generation the main component of computers were Transistors.
- Third Generation Computers (1964-1971):In this generation the main component of computers were Integrated Circuits.
- Fourth Generation Computers (1972-2010):In this generation the main component of computers were Microprocessor
- Fifth Generation (2010-Present):In this generation the main component of computers is Artificial Intelligence
23 bits are the network mask, so 32 - 23 bits are the node number.
