• word of the day

    federal reserve system

    federal reserve system - Dictionary definition and meaning for word federal reserve system

    Definition
    (noun) the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies
    Synonyms : fed , federal reserve , frs
    Example Sentence
    • 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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