What is the Federal Reserve? How does the Fed affect banking?

asked Dec 2, 2018 53.3k views

1 vote

by Noamk

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5 votes

Fed makes it more expensive for banks to borrow money to cover reserve shortfalls.

James Allen answered Dec 3, 2018

5.7k points

3 votes

Fed makes it more expensive for banks to borrow money to cover reserve shortfalls.

Hawk answered Dec 5, 2018

by Hawk

6.0k points

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