Which of the following is a function of the Fed?
A) It creates a budget, or a financial plan, for the national economy every year.
B) It provides banking services for member banks and the federal government.
C) It calculates the expected spending for the federal government every year.
D) It outlines expected revenue that is due from the collection of taxes and fees.

Question

Which of the following is a function of the Fed?
A) It creates a budget, or a financial plan, for the national economy every year.
B) It provides banking services for member banks and the federal government.
C) It calculates the expected spending for the federal government every year.
D) ​It outlines expected revenue that is due from the collection of taxes and fees.

Quizplus · Accepted Answer

The Fed provides banking services for member banks and the federal government, including maintaining accounts, making loans, and processing payments. The other options listed are functions of other government agencies, such as Congress and the Treasury Department.

Which of the Following Is a Function of the Fed