What Is the Definition of Federal System?

Answer

Federal System is the governing feature of the American governmental system. Its main focus is to control the flow of money and credit into the country. It was formed in 1913 to help with a sound banking system.
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Ask.com Answer for: what is the definition of federal system
fed·er·al
[fed-er-uhl]
ADJECTIVE
1.
pertaining to or of the nature of a union of states under a central government distinct from the individual governments of the separate states, as in federal government; federal system.
2.
of, pertaining to, or noting such a central government: federal offices.
3.
(initial capital letter) pertaining to or designating the styles of the decorative arts and architecture current in the U.S. from c1780 to c1830.
4.
of or pertaining to a compact or a league, especially a league between nations or states.
NOUN
5.
an advocate of federation or federalism.
Source: Dictionary.com
A federal system is a form of governance where authority is split between a central government and various local governments. In this system, a union of states recognises the sovereignty of a central power or government, while retaining specific residual powers of self government.
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