What is meant when economists say that the Federal Reserve Banks are central banks, quasi-public banks, and

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What is meant when economists say that the Federal Reserve Banks are central banks, quasi-public banks, and bankers’ banks? What are the seven basic functions of the Federal Reserve System?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:55 AM

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What is meant when economists say that the Federal Reserve Banks are central banks, quasi-public banks, and

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The 12 Federal Reserve Banks are central banks whose policies are coordinated by the Board of ...View the full answer

Economics

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