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232: The Fed

Classical Stuff You Should Know

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The Fed's Charter for the Federal Reserve Bank

The first bank of the United States, the Federal Reserve Bank gets put into existence. It's not a private bank, but they're also not a government agency. They are kind of this weird hybrid between the two where they function like a bank. But you and I can't go open an account at the Federal Reserve. You know ours wondered? You can't do it. Really? Yeah. There you go.

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