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1. 'The Federal Reserve System' is the central bank of ----

  • A. The USA
  • B. The USA
  • C. The USA
  • D. The USA

Answer: Option A

Explanation:

The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

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