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is this a good introduction paragraph: The Federal Reserve is the central bank of the United States of America and can also be referred to
is this a good introduction paragraph: The Federal Reserve is the central bank of the United States of America and can also be referred to as the Fed. Congress founded the Federal Reserve in 1913 "to provide the nation with a safer, more flexible, and more stable monetary and financial system." (Structure and Functions of the Federal Reserve System, n.d.) The Federal Reserve has many different responsibilities and duties that serve our nation. These include promoting the financial system's stability, consumer protection, employment, and safety of financial institutions, as well as fostering payments and settlement safety. (Federal Reserve Board- About the Fed, 2024) However, it has also led many citizens to question whether or not the Federal Reserve oversteps biblical principles and whether or not it operates as a monopoly
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