S. central bank, was established in 1913, consisting of the Federal Reserve Board with seven members headquartered in Washington, D.C., and twelve Reserve Banks located In major cities throughout the United States. The federal funds rate Is the interest rate at which banks actively trade balances held at t

bank, was established in 1913, consisting of the U. S. Federal Reserve Board (Fed) with seven members headquartered in Washington. D-C., and twelve Reserve Banks located in major cities throughout the United States. Volatility is the degree of variation of a trading-price series over time. The wealth effec