An important part of our economy is the us central banking system, which is called the federal reserve
Like the federal reserve India also has a central banking system organized, supervised and governed by the RBI known as RESERVE BANK OF INDIA .All the banks work under RBI'S guidelines.
The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed."
It was established to give the nation a secure, adaptable, and stable financial and monetary system. There are seven people on the board of the Federal. Additionally, there are 12 Federal Reserve banks, each of which is led by a different district's president.
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