all decisions must be approved
It is false that the National Bank replaced the Federal Reserve System.
true
It is responsible for FDIC
It is responsible for FDIC
All decisions must be approved by the president.
All decisions must be approved by the president.
A statement that is not true about the Federal Reserve is that it is a private bank that operates independently of the U.S. government. In reality, while the Federal Reserve has some independence in its operations, it is a central banking system created by Congress and is subject to oversight and regulation by the government. Additionally, its decisions are influenced by economic conditions and policies set by the government.
It is true that when the Federal Reserve decreases the money supply it generally does by selling bonds. When the Federal Reserve sells bonds it pushes prices down and increases rates.
False, before 1980 it was the case but today the new legislation requires all commercial banks to be members of the federal reserve system. All depository institutions became subject to the same requirements to keep deposits at the Federal Reserve. Members or not members are now on equal footing in ters of reserve requirement. I hope that helps Sara
Yes the US treasury keeps a checking account with the Federal Reserve
The nation's first true central bank was The Federal Reserve.
I believe the US Department of Health and Human Services determines this (in the US). The Federal Reserve is a completely different institution.