Lesson 3: The US Banking System

Описание к видео Lesson 3: The US Banking System

All banking systems in the world are now substantially similar to the US banking system described here. The Federal Reserve (“the Fed”), acts as a bank to every other bank across the country, moving money in the back-end to support all of the transfers and payments taking place in the economy. This banking system is scalable and is able to support our growing economy.

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