benpark4610 benpark4610

27-05-2022
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Which term could also be used to call the federal reserve brainly

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keshavgandhi04 keshavgandhi04

03-06-2022

The Federal reserve system (FRS) generally called Fed.

Why is it called the Federal Reserve?

Instead of banks keeping what they regarded as their reserve deposits with each other, have them keep their reserve deposits with a central federal bank called Federal Reserve Banks.

Thus the primary function of the new central bank was to consolidate the reserves of the banking system.

For more information regarding federal reserve, visit:

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