Banks act as hubs where numerous people can pool their funds to develop substantial capital reserves.
An open-end investment company known as a mutual fund, which is registered with the SEC, pools money from many investors and invests it in securities like stocks, bonds, short-term money market instruments, other assets, or a combination of these, including money from many participants.
The primary beneficiaries of Reserve Bank activity are the U.S. Treasury, banks, and the general public: Since they provide commercial banks with services that are similar to those that commercial banks provide to their clients, Federal Reserve Banks are commonly referred to as "bankers' banks."
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