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Someone who believes the Fed should be abolished might argue that it:
A.harmed the financial markets post-September 11th by maintaining their liquidity.
B.supports a currency monopoly and benefits the wealthy over others.
C.helps prevent bank failures.
D.provides important services, such as check processing.

Respuesta :

Someone who believes the Fed should be abolished might argue that it helps prevent bank failures.

What is the Fed?

The Fed is the Central bank of the United States. The Fed provides various services which help maintain the stability of banks and the economy.

The Fed mandates commercial banks to keep a percentage of their deposits as reserve. This reserve can be drawn on to provide liquidity to bank in cases of emergency mass withdrawals. This prevent bank failures.

To learn more about the Fed, please check: https://brainly.com/question/20628585

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