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 job of the Federal Reserve?
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Printing paper currency
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Clearing checks
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Serving as the federal government’s banker
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Lowering the national debt
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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 debts of India’s states and local government are not counted as part of the country’s national debt.
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.
There is 1 question to complete.