Federal Reserve System Flashcards
(3 cards)
1
Q
What is the federal reserve system?
A
The central bank of the US
The Federal Reserve plays a crucial role in the US economy.
2
Q
What is the federal reserve system charged with?
A
Maintaining the stability of the financial system
This includes managing inflation and employment levels.
3
Q
The federal reserve system has regulatory and supervisory responsibilities over banks that are members of the ____
A
FED
Membership in the Federal Reserve provides banks with access to certain services and protections.
