Which of the following is not a responsibility of the Fed?
A) supervising member banks
B) serving as the lender of last resort
C) determining the level of government spending
D) providing check-clearing services
E) supplying the economy with Federal Reserve Notes

Question

Quizplus · Accepted Answer

Determining the level of government spending is a responsibility of the federal government, not the Federal Reserve. The other choices are responsibilities of the Fed.

Which of the Following Is Not a Responsibility of the Fed