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 | Good Evening have you heard of the Federal Reserve System? | |
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| Yes but could you tell me more? | |
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| Sure, Durring the 50 years before the Federal Reserve System began operation, surging economic growth, was interrupted by economic crisis. | |
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| Oh well is there more? | |
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| Yes Under the National Bank Act the banking system was divided into three groups: Central Reserve City Banks, Reserve City Banks, and Country Banks. | |
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| Thank you that helps my understanding much better. | |
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