Which of the following statements best describes the Federal Reserve role for banks?

Name: Which of the following statements best describes the Federal Reserve role for banks?
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Question

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The Federal Reserve acts as a central bank for banks. It provides services to banks such as loans, check processing, and fund transfers, and also regulates banks to ensure their safety and soundness. However, it does not control or own all banks, nor does it audit them. It also does not simply provide money for banks.

Which of the Following Statements Best Describes the Federal Reserve