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The bad thing about the federal reserve thing is that there is usually poor allocation of resources.
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∙ 10y ago
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Does the Federal reserve bond 1934 series US 500000000 exist?
Q - Can you see Federal Reserve bond 1934 series US 500000000. NO. Actually you could, but if you saw one it was fake, as there is no such thing as a "Federal Reserve Bond".
How is bad money destroyed?
Banks send bills back to the federal reserve and the bad bills are shredded.
What government agency conducts monetary policy in the United States?
The Federal Reserve is responsible for managing the money supply in the U.S.
What was the singular achievement of the Federal Reserve Act?
Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.
What is the value of 1950 5.00 federal reserve note from Bank of washington dc?
There is no such thing.
When was the federal reserve established?
The Federal Reserve was created in 1913
How many federal reserve districts did the Federal Reserve Act divide the US into?
There are twelve Federal Reserve districts in the U.S.
How is money destroyed?
Banks send bills back to the federal reserve and the bad bills are shredded.
What law was passed by congress to prevent financial panic?
The Federal Reserve Act...Apex:)
What is federal reserve system for?
what is one of examiner jobs at the federal reserve
Where was the federal reserve formed?
Who or what group of individuals formed the Federal Reserve
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.
