The main function of the Federal Reserve System is to

Question

Quizplus · Accepted Answer

The main function of the Federal Reserve System is to control the money supply. While it does also serve as the fiscal agent for the federal government and set reserve requirements for banks, its primary role is to implement monetary policy and influence the amount of money in circulation through actions such as setting interest rates and buying and selling government securities. Clearing checks from member banks is also a function of the Fed but is not its primary purpose.

The Main Function of the Federal Reserve System Is to