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Answer the following questions:

1. What are the financial institutions in the USA?

.'2.What way does a commercial bank serve its customers?

3. What is a secured loan?

4. What is the prime rate? Whom is it given?

5. What is the demand deposit and time deposit?

  1. What certificates may customers put their money?

  2. How is a central bank of the USA called?

  3. Who owns the Fed?

  4. What are the rights that member-banks have?

  5. What are the function of the Fed?