Which of the following best describes two of the three primary functions of the Federal Reserve System?
A) developing new financial markets and aiding banks in conducting their business
B) aiding banks in conducting business and managing the U.S. money supply and interest rates
C) managing the U.S. money supply and interest rates and monitoring interbank relationships
D) monitoring interbank relationships and acting as a bank for the federal government
E) acting as a bank for the federal government and developing new financial markets

Question

Quizplus · Accepted Answer

B) In addition, the Fed also clears checks-about 56 million each day-for commercial banks.

Which of the Following Best Describes Two of the Three