The Fed Is the Bankers' Bank

question 79

Essay

The Fed is the bankers' bank. What functions of the Fed are involved in this role? What are the other important functions of the Fed?

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Definitions:

Receiver/Dryer

Performs three functions on liquid refrigerant in the refrigeration cycle: filters particles, removes moisture, and stores a small amount of the liquid refrigerant until needed in the system evaporator.

Air Conditioning System

A mechanism designed for controlling the temperature, humidity, and overall air quality in an enclosed space.

Expansion Valve

Restricts the flow of the refrigerant in an A/C circuit, which lowers its pressure as it exits the valve.