The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks.

Name: The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks.
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Quizplus · Accepted Answer

This is correct. The Federal Reserve System, commonly known as the Fed, is responsible for controlling the money supply, facilitating the clearance of checks and electronic payments, and regulating and supervising banks and other financial institutions.

The Fed's Responsibilities Include Controlling the Money Supply, Clearing Checks