The twelve district banks of the Federal Reserve System were created to decentralize power and respond to the public's fears of the monopoly power of a single central bank such as the Bank of England or the Bank of Japan.

Question

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The twelve district banks of the Federal Reserve System were created to decentralize power and respond to the public's fears of the monopoly power of a single central bank. This was seen as a way to promote economic stability and prevent the concentration of financial power in a few institutions.

The Twelve District Banks of the Federal Reserve System Were