ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a function that the Fed performs for the Treasury?
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collecting federal tax deposits
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setting US tax rates
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processing government checks & US savings bonds
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maintaining treasury accounts
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Explanation:
Detailed explanation-1: -The Fed’s main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.
Detailed explanation-2: -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-3: -The correct answer is option b) Advising Congress on fiscal policy.
Detailed explanation-4: -Financial Stability Coordination & Actions. Responding to Financial System Emergencies. Cooperation on Financial Stability. Reports. Financial Stability Report. 20-Jan-2023
There is 1 question to complete.