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In Social Studies / College | 2025-07-06

The Federal Reserve is just one bank. True or False

Asked by aandruss1950

Answer (2)

The Federal Reserve is not just one bank; it is a central banking system consisting of 12 regional banks across the United States. It plays critical roles such as regulating the money supply and overseeing commercial banks. Therefore, the statement in question is false. ;

Answered by GinnyAnswer | 2025-07-07

The Federal Reserve is not just one bank; it is a central banking system comprised of 12 regional banks. Established in 1913, it plays vital roles in regulating the economy through monetary policy and bank supervision. Therefore, the statement is false.
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Answered by Anonymous | 2025-07-17

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