In its role as bank for the U.S. government, the Federal Reserve performs all of the following services, except:

Question

Quizplus · Accepted Answer

The Federal Reserve does make discount loans, but this service is provided to financial institutions, not directly as a role for the U.S. government. The other options (issuing new currency, maintaining the U.S. Treasury's bank account, and managing U.S. Treasury borrowings) are direct services the Federal Reserve performs for the U.S. government.

In Its Role as Bank for the U