ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the primary functions of the Federal Reserve?
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The Board of Governors, the District Banks, and the FOMC
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Price stability and maximum employment
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Supervision/regulation, payment services, and monetary policy
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Audit and funding
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Explanation:
Detailed explanation-1: -The Federal Reserve’s supervision activities include examinations and inspections to ensure that financial institutions operate in a safe and sound manner and comply with laws and regulations. These include an assessment of a financial institution’s risk-management systems, financial conditions, and compliance.
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