Topic

The Federal Reserve

Instructions

Critique the article. Use MLA format.

What key role does the Federal Reserve play in the nation’s economy? Get an introduction to the Fed’s three main functions.

Answer preview

Federal Reserve is the primary system of banking in the United States. It was formulated in the year 1913 after the US encountered some financial crisis, which inspired the US government to have central management the entire monetary system in the country. Consequently, situations like the Great Depression and the Great Recession also led to the extension of roles and responsibilities of the Federal Reserve.

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