What is the Federal Reserve System and what does it do?

Explanation:

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Wikipedia

Chairperson: Jerome Powell

Ownership: Private ownership by member banks

Bank rate: 0.25%

Governing body: Board of Governors

MARK ME A BRAINLESR

The Federal Reserve system is the central bank of the United States. It provides the nation with a more flexible and more stable financial system.

Explanation:

www.federalreserve.gov/faqs/about_12594.htm  

all of the following apply except for (a. excessive credit on real estate resulting in defaulted loans.

in 1819, panic swept the country due,in part, to the rapid expansion of american manufacturing during the war of 1812 and the distress caused by the post-war british competition. the rapid expansion of american farming was another factor.

explanation: