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Functions of the federal reserve system

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Reference no: EM132501332

Describe and give an example of each of the 7 functions of the Federal Reserve System as listed in the textbook which are 1)issuing currency 2)setting reserve requirements and holding reserves 3)lending to financial institutions and serving as an emergency lender of last resort 4)providing for check collection 5)acting as fiscal agent 6)supervising banks 7)collecting the money supply.

Reference no: EM132501332

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