The Federated Requirement System (Fed)is the central bank of the United States and is responsible for setting monetary policy and regulating the banking system.

Name: The Federated Requirement System (Fed)is the central bank of the United States and is responsible for setting monetary policy and regulating the banking system.
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The statement describes the Federal Reserve System (also known as the Fed), not the Federated Requirement System.

The Federated Requirement System (Fed)is the Central Bank of the United