Explicit functions of the Fed include all the following except:

Name: Explicit functions of the Fed include all the following except:
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Question

Quizplus · Accepted Answer

The Federal Reserve (Fed) is responsible for conducting monetary policy, providing banking services to the U.S. government, and serving as a lender of last resort to financial institutions. However, conducting fiscal policy is the responsibility of the government, specifically the Treasury Department and Congress, not the Fed.

Explicit Functions of the Fed Include All the Following Except