Which of these are functions performed by the Federal Reserve Banks and their branches? I. regulating and supervising member banks
II) distributing coins and currency
III) setting interest rates paid by homeowners
A) I only
B) I and II
C) II and III
D) I, II, and III

Question

Quizplus · Accepted Answer

The Federal Reserve Banks regulate and supervise member banks and distribute coins and currency. However, they do not directly set interest rates paid by homeowners; they influence interest rates through monetary policy.

Which of These Are Functions Performed by the Federal Reserve