All the following statements about the Federal Reserve are true EXCEPT it__________.
A) regulates a nationʹs depository institutions
B) accepts checking deposits from the nationʹs residents
C) controls the quantity of money
D) is a public authority

Question

Quizplus · Accepted Answer

The Federal Reserve does not accept checking deposits from the nation's residents. It only accepts deposits from depository institutions such as banks.

All the Following Statements About the Federal Reserve Are True