Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather than one

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Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather than one central bank as in other countries?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:01 AM

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Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks, rather than one

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Because of the traditional American ...View the full answer

The Economics of Money Banking and Financial Markets

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