Register
The Federal Reserve Bank is a “for-profit” bank. In 150 words or more, explain how the Federal Reserve Bank and commercial banks make money.
285,959 views
33 votes
33 votes
The Federal Reserve Bank is a “for-profit” bank. In 150 words or more, explain how the Federal Reserve Bank and commercial banks make money.

User Juraj Martinka
by
2.9k points

1 Answer

25 votes
25 votes

Answer: The Federal Reserve System in the U.S. conducts the nation's monetary policy and regulates its banking institutions, The system is comprised of a minimum of 8, and a maximum of 12, regional reserve member banks, each of which focuses on its particular geographical zone, in coordination with the New York Fed. These are currently based in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Step-by-step explanation:

User Sukotto
by
3.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

This is referring to the Crucible: What is the dispute between John Proctor and Thomas Putnam? What does this dispute foreshadow? Please and thank you!
Her attitude caused her to look ___ her nose at others
PLEASE HELP I AM GIVING ALOTTT OF POINTS Which stage of the Hero's Journey do you see the most in Percy Jackson Ch. 7 The Lightning Thief also give a piece of evidence to support your thinking.
Choose the answer that completes the sentence below Dyslexic people have trouble reading and understanding text, ______ they often develop ways to cope with dyslexia A. so B. after C. for example D. otherwise
Exercise 1: Choose the best answer A, B or C: 1.My mother used to tell me stories_______________ I went to bed. A.since B.until C.before 2.You better take the keys_______________________ I’m not out. A.
Link Copied!