Federal Reserve bank is the highest/top bank of the U.S., it provides money at a discounted rate to the banks.
What do the Federal Reserve banks do?
They are the highest/top of all the banks in the U.S. They look after the country's monetary policy, regulate the banking system, check the money flow in the country, and provide financial services to the government.
Features of Federal Reserve banks:
- divided into 12 districts
- Execute monetary policy, and
- Provide money to banks at a discount rate.
Therefore, option B describes the function of Federal banks.
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