True or False: The Federal Reserve System functions as the nation’s bank.

This is TRUE I mean the Library of Congress says so, you can google their website.
Besides, it's in the name. Hope this helps!

Answered by icedraptor88 | 2024-06-10

The Federal Reserve System functions as the Central Bank of the United States. It controls certain aspects of the money supply, buys and sells U.S. Treasury Bonds, serves as a lender of last resort, and provides other financial services for the U.S. Government.

Answered by Gibbs | 2024-06-10

The statement is True; the Federal Reserve functions as the nation's bank as the central bank of the U.S. It acts as a banker to the government, regulates banks, and conducts monetary policy to maintain financial stability. Established in 1913, it plays a vital role in the economy.
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Answered by icedraptor88 | 2024-12-26