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American Government

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The Federal Reserve System

b. is run by a congressional committee.
c. regulates only national banks.
e. None of these answers is correct.


I would say C..

  • American Government -

    I agree.

  • American Government -

    BUT...

    In the current system, private banks are for-profit businesses but government regulation places restrictions on what they can do. The Federal Reserve System is a part of government that regulates the private banks

  • American Government -

    Soo..

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