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A Federal Reserve note is a currency issued by the Fed that’s backed by gold. These notes are usually worth their face value, although some historic notes, such as those from 1928, are more ...
The Federal Reserve System was created in 1913 in response to growing concerns that the U.S. financial system was being dominated and manipulated by a small number of banking institutions for ...
Fed governors typically step down before their terms expire, but they may stay on until a president from their political ...
Passed by Congress in 1913, the Federal Reserve Act established a central bank for the United States and fostered stability in the country’s banking system. The early days of the U.S. banking ...
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