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Only about 13 of commercial banks fall under or are subject

Only about 1/3 of commercial banks fall under (or are subject to the rules of) the Federal Reserve System, yet the Fed's actions still have a significant impact on the banking sector and consequently, the economy as a whole. Briefly explain why reliance on this particular statistic as a measure of the Fed's influence can be misleading.

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Macroeconomics: Only about 13 of commercial banks fall under or are subject

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Macroeconomics: Only about 13 of commercial banks fall under or are subject

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