
Meaning of FEDERAL RESERVE SYSTEM
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WordNet Dictionary |
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[n] the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and stated charted commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply" |
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| | Synonyms: | | Fed, Federal Reserve |
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| | See Also: | | central bank, Federal Reserve Bank, member bank, national bank, reserve bank | |
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