Which of the following is not a responsibility of the Federal Reserve Banks?
A) Sets reserve requirements
B) Proposes discount rates
C) Furnishes currency
D) Handles U.S. government debt and cash balances

Question

Quizplus · Accepted Answer

The responsibility of setting reserve requirements lies with the Board of Governors of the Federal Reserve System, not the Federal Reserve Banks. Therefore, Choice A is not a responsibility of the Federal Reserve Banks. Choices B, C, and D are responsibilities of the Federal Reserve Banks.

Which of the Following Is Not a Responsibility of the Federal