Federal Reserve System

Definition - What does Federal Reserve System mean?

The nation’s central banking system, the purpose of which is to regulate money supply and the extension of credit. The Federal Reserve System is comprised of 12 central banks and 24 regional banks along with hundreds of national and state chartered banks.

Testopedia explains Federal Reserve System

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
Tweat www.testopedia.com
"Testopedia" on Twitter


'@Testopedia'
Sign up for Testopedia's Free Newsletter!