The central bank of the United States is called the A. Bank of the United States System.
B. Federal Reserve System.
C. Federal Bank Oversight System.
D. Credit Reserve System.
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The central bank of the United States is called the A. Bank of the United States System.
B. Federal Reserve System.
C. Federal Bank Oversight System.
D. Credit Reserve System.
The correct answer is B. Federal Reserve System.
The Federal Reserve System, often referred to as “the Fed,” is the central banking system of the United States. It was established to provide the country with a safe, flexible, and stable monetary and financial system. The Fed conducts national monetary policy, supervises and regulates banks, maintains financial stability, and provides banking services.