A system of twelve 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.

Question

Quizplus · Accepted Answer

The system of twelve banks in the United States is called the Federal Reserve System, not the Bank of the United States. The Bank of the United States was a central bank established in the late 18th and early 19th centuries, but it no longer exists.

A System of Twelve Banks in the United States That