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Federal Reserve System

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I read this on Wikipedia.. The Federal Reserve System is a part of government that regulates the private banks

And I am stuck at this question.

The Federal Reserve System
c. regulates only national banks.
e. None of these answers is correct.

  • Federal Reserve System -

    If you mean "regulate" as in supervisory, False.

    The FDIC does do some regulations, but it is not a part of the Federal Reserve System.

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