ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To control the money supply.
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To supervise and regulate banks.
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To aid in the check clearing process.
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The fed does all of these.
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Detailed explanation-1: -Answer and Explanation: The Fed does not provide banking services to consumers. It is tasked with oversight over the banking sector, regulating the money supply in the economy and implementing monetary policies.
Detailed explanation-2: -The Fed, as it is commonly known, sets the monetary policy of the United States. Its responsibilities also include regulating banking institutions, monitoring and protecting the credit rights of consumers, maintaining the stability of the financial system, and providing financial services to the U.S. government.
Detailed explanation-3: -The Fed’s main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.
Detailed explanation-4: -The correct answer is option b) Advising Congress on fiscal policy.
Detailed explanation-5: -The correct answer is d Setting the price level and the market rate of interest is not a function of fed.