The Federal Reserve System Has Been Instrumental in Providing Interbank

question 61

True/False

The Federal Reserve System has been instrumental in providing interbank clearing of electronic payments for the nation's financial institutions.

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Definitions:

Economics

The social science concerned with the production, distribution, and consumption of goods and services.

Sociology

The study of the development, structure, and functioning of human society.

Time

A dimension in which events can occur in sequence from the past through the present to the future, also a critical element in economic models affecting production, consumption, and investments.

Economics

The social science that studies how individuals, governments, and nations make choices on allocating resources to satisfy their wants and needs.