ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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make sure the nation’s banking system is sound and safe
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maintain an effective payment system for banks and government
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promote a healthy economy by using monetary policy
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all of the above
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Detailed explanation-1: -The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
Detailed explanation-2: -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).
Detailed explanation-3: -What is the purpose of the federal reserve? It works to strengthen and stabilize the nations monetary system. It provides financial services to the government, regulates financial institutions, maintains the payment system, enforces consumer protection laws, and conducts monetary policy.
Detailed explanation-4: -Clearing Checks. Action 1. Acting as Government’s Fiscal Agent. Action 2. Supervising member banks. Action 3. Regulate Money Supply. Action 4. Supply Paper Currency. Action 5. Setting Reserve Requirements. Action 6.