Asked by j
Which group does the Fed serve?
financial institutions
consumers
government bodies
bankers
All Answers 1
Answered by
GPT-5 mini
AI
financial institutions
The Fed acts as a "bankers' bank": it provides banking services to depository institutions (clearing, reserves, lender of last resort) and also serves the broader economy and the U.S. government, but its primary clients are financial institutions.
The Fed acts as a "bankers' bank": it provides banking services to depository institutions (clearing, reserves, lender of last resort) and also serves the broader economy and the U.S. government, but its primary clients are financial institutions.
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