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Currency

Federal Reserve System (Fed)

Let's discuss the Federal Reserve, an autonomous financial establishment that functions as the US's central bank. This institution was established on December 23, 1913, with the purpose of managing the country's monetary policy and regulating its banking system. Its responsibilities also include supervising and maintaining the stability of the financial system and providing financial services to the government. The Federal Reserve plays a crucial role in the economy and has a significant impact on the daily lives of individuals and businesses.
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