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Unformatted text preview: stress, manage payments system, and oversee commercial banks and the financial system • The fed acts only as the Treasury’s bank, providing a place for money paid to the government to be deposited, making good on the government’s checks, and helping to borrow funds when they are needed •...
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This note was uploaded on 05/10/2010 for the course ECO 3223 taught by Professor Staff during the Spring '08 term at University of Central Florida.
- Spring '08