Banks are crucial in the current society as they operate payment systems and provide financial intermediation. As business corporations, they lend or invest the money people deposit to create profit. Consequently, banks finance entrepreneurs and business people that drive the economy. The US has a complex banking system that has been improving for centuries. In 1913, it founded the Federal Reserve System and proceeded to open twelve regional reserve banks that were to be coordinated from Washington. It is crucial to understand the American banking system. Therefore, explaining aspects of the Federal Reserve and the functioning of the US banking ...
Body Reports Samples For Students
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