The Federal Reserve manages the nation’s currency and money supply by: Manipulating interest rates and acting as a lender to banks.
What is Federal Reserve bank?
The Federal Reserve bank is the central bank of the United States of America, established in the year 1913 to maintaining the banking system of the United States.
The Federal Reserve bank has a number of functions but the basic duty is to regulate and supervise the American banking industry.
Hence, the Federal Reserve manages the nation’s currency and money supply by manipulating interest rates and acting as a lender to banks.
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