Which of the following serves as the central banker for private banks in the United States?

Question

Quizplus · Accepted Answer

The 12 Federal Reserve Banks, collectively known as the Federal Reserve System, serve as the central bank for private banks in the United States. They supervise and regulate member banks, provide financial services to the U.S. government, and conduct monetary policy to promote economic growth and stability. The executive and legislative branches of government do not serve as the central banker for private banks.

Which of the Following Serves as the Central Banker for Private