The Fed is a central bank and as such
A)does business with international organizations such as the United Nations.
B)provides banking services to individuals and firms.
C)provides banking services to banks but not individuals.
D)does business only with the federal government.
E)is where the Federal Government turns when it needs to borrow.

Question

Quizplus · Accepted Answer

The Federal Reserve, as a central bank, primarily provides banking services to other banks and the federal government, not to individuals or firms.

The Fed Is a Central Bank and as Such