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Meaning of FEDERAL RESERVE SYSTEM

 
WordNet Dictionary
 
 Definition: 
[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"
 
 Synonyms: Fed, Federal Reserve
 
 See Also: central bank, Federal Reserve Bank, member bank, national bank, reserve bank

 

 

 

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