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A central banking system of the U.S.

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It's a system dividing up power between a central national governments that are connected to one another by the national government

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The federal reserve was designed to give a broad perspective on the economy and on economic activity in all major parts of the nation.

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Created on December 23, 1913 by President Woodrow Wilson when signing the act to law.

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To provide a safer yet flexible nation to have a stable monetary system.