ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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making monetary decisions that regulates the economy
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promoting economic growth
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determines the supply of money
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All of the above
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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: -Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers. Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
Detailed explanation-3: -What Do the Federal Reserve Banks Do? In addition to helping set monetary policy, the Reserve Banks’ responsibilities include supervising and examining member banks, providing key financial services, supporting the government, and serving their District.