A system of 12 banks in the United States that facilitates exchanges of cash, checks, and credit as well as regulating member banks is called the Bank of the United States.

Name: A system of 12 banks in the United States that facilitates exchanges of cash, checks, and credit as well as regulating member banks is called the Bank of the United States.
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Question

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The correct name of the system in the United States is the Federal Reserve System, not the Bank of the United States.

A System of 12 Banks in the United States That