Guest User


a guest
Apr 17th, 2017
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
  1. Prior to the establishment of the U.S. Federal Reserve, exchange was inhibited by a lack of currency. There was no national system for moving money between banks, which made it harder for banks to extend loans to local businesses, since a bank can’t lend money it doesn’t have. One of the Fed’s main functions is to oversee bank-to-bank loans, which make it easier for banks to lend to businesses, which ultimately promotes national economic growth.
RAW Paste Data