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OpenStudy (anonymous):

Can someone help me with this What is the Federal Reserve? How does the Fed affect banking?

OpenStudy (anonymous):

I have to write it

OpenStudy (anonymous):

@shamallamadingdong do u know how to help me?

OpenStudy (shamallamadingdong):

Yes give me a sec :P

OpenStudy (anonymous):

Ok :P

OpenStudy (shamallamadingdong):

I bet one of these other guys will be able to help and when there done i will look over there answer and tell you what i think

OpenStudy (shamallamadingdong):

@Lamiy Can you help him :P

OpenStudy (anonymous):

ok thanks

OpenStudy (anonymous):

Mhmmm let me look at the question :3

OpenStudy (anonymous):

What is the Federal Reserve? How does the Fed affect banking?

OpenStudy (anonymous):

@Lamiy do you know how to help me?

OpenStudy (anonymous):

Im finding a source hold on.

OpenStudy (anonymous):

ok thanks

OpenStudy (anonymous):

You're welcome :P

OpenStudy (anonymous):

But just fyi I'm not very good with like stuff past CE but I'll try and I'm not just going to let you hang here.

OpenStudy (anonymous):

The Federal Reserve System is the central banking system of the United States. Is that what you're looking for?

OpenStudy (anonymous):

yeah thanks for your help

OpenStudy (anonymous):

Fed policy affects bank rates, mortgages, credit cards, auto loans and other products that charge interest. Here's the second part if you need it too. I'm guessing you do.

OpenStudy (anonymous):

yep thanks lamiy your a life saver

OpenStudy (anonymous):

Haha. You're welcome :P

OpenStudy (shamallamadingdong):

Good job @Lamiy

OpenStudy (anonymous):

Just tag me if you need anymore help. And thanks lol

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