BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not one of the responsibilities of the federal reserve?
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Supervising the Reserve banks
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Maintaining a stable banking system
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Setting the nation’s monetary policy
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Establishing the federal budget
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Explanation:
Detailed explanation-1: -The correct answer is d Setting the price level and the market rate of interest is not a function of fed.
Detailed explanation-2: -The correct answer is option b) Advising Congress on fiscal policy.
Detailed explanation-3: -It is the Federal Reserve’s actions, as a central bank, to achieve three goals specified by Congress: maximum employment, stable prices, and moderate long-term interest rates in the United States (figure 3.1).
There is 1 question to complete.