BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Fed’s key function is to
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make sure the nation’s banking system is sound and safe
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maintain an effective payment system for banks and government
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promote a healthy economy by using monetary policy
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all of the above
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Explanation:
Detailed explanation-1: -The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
Detailed explanation-2: -The Federal Reserve advances supervision, community reinvestment, and research to improve understanding of the impacts of financial services policies and practices on consumers and communities.
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