The Federal Reserve Board is the federal government’s _____?

1 Answer
David Drayer
May 31, 2018

Bank.

Explanation:

the Federal Reserve Board set the interest rates charged to large banks and mortgage companies. This is the interest that these financial institutions have to pay the federal government for loans.

The rates set by the Federal Reserve Board has a major effect on the rates that banks charge consumers for the loans that the Banks make.

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