The federal reserve Bank of the United States of America is also known as

 

Question:

The federal reserve Bank of the United States of America is also known as ?

Options:

A. Central bank
B. World bank
C. Retail bank

Answer:

The answer here is (A) the central bank

What is Central Bank?

A central bank is a financial institution responsible for managing a country's money supply, controlling interest rates, and ensuring the stability and integrity of the financial system. It often acts as the sole issuer of a nation's currency and plays a crucial role in monetary policy and economic stability.

Functions of Central Bank