
Originally Posted by
SimonUnthan
Hello.
Looks like if Iīm very assiduous today. So here is another summary. One again Iīm looking forward to your proofreading.
Topic: The Federal Reserve System (FED)
"The national banking system in america the USA is controlled by the independent institution FED, which stands for "Federal Reserve System".
The main function of the FED is the accurate regulation of money's cost and availability. To less presence of Less available money might lead in raising to rising unemployment or even a recession; however, far too much money would result in high prices and therefore cause an inflation. Moreover, by offering banks new coins and bills, the FED enhances the circulation of money. The Its last responsibility is the control of international business and bank movements abroad.
The seats [????} in the FED were kept by three different groups. Both, all All national bank institutions and every deposit-taking union is forced to join the FED. Some governors, who were called by the President, complete the FED after the Senate voted for the President's choice. The FED acts independent from Congress's finances even though it is responsible for regulary reports on the current monetary policies of the Government.
Whereas the FED is officially acting on its own, in most cases it supports the recent decisions of Congress."