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Where is money sent after its made?
When money is minted, the first place it goes is the Federal Reserve. The Federal Reserve is like the ultimate lender. All banks get their money from the Federal Reserve.
Who borrows money from federal reserve banks?
All member banks of the Federal Reserve in USA can and do borrow money from the federal reserve. The Federal Reserve is the banker of banks to whom the banks go when they need money.
What does federal reserve do with money they make?
The federal reserve us there money like every body else. Like using for there family some people just storing it in there bank.
What government agency conducts monetary policy in the United States?
The Federal Reserve is responsible for managing the money supply in the U.S.
Does income tax money go to the federal reserve?
Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.
Where to make the most money?
The Federal Reserve Bank of N.Y., New York, N.Y.
Do you control your money when you declare bankruptcy?
The Federal Reserve controls the money in the United States. The Federal Reserve is a private company not associated with the government.
Who issues money?
Paper money is issued by the Federal Reserve.
What is is the purpose of the Federal reserve bank?
The Federal Reserve Bank manages the U.S. economy by controlling the money supply.
What is the backing for Federal Reserve Notes?
Nothing tangible. Federal Reserve Notes in the United States are fiat money, backed by the people's faith in the issuing Federal Reserve bank.
What two mistakes did the federal reserve make during the depression?
Restricted money flow Stopped lendie
Was a responsibility of the federal reserve bank?
Responsibilities of the Federal Reserve Bank include loaning money to private banks, printing money, and lessening economic crises.
