The Federal Reserve is a private institution that was authorized by the United States government in the early 20th century to regulate the quantity of money in the economy. The following are the functions of the Federal Reserve except:
A)Lending to other banks
B)Imposing trade tariffs
C)Regulating private banking
D)Controlling the supply of money

Question

Quizplus · Accepted Answer

The Federal Reserve does not impose trade tariffs.
Key Takeaway: The Federal Reserve serves a number of functions in monetary policies, such as providing loans to other banks. The Reserve also makes sure that other banks are following federal laws and banking practices. Finally, it controls the supply of money.

The Federal Reserve Is a Private Institution That Was Authorized