Which of the following is NOT an activity of Fed district banks?
A)clearing checks
B)replacing old currency
C)providing loans to depository institutions
D)acting as an intermediary to match up lenders and borrowers in the stock market

Question

Quizplus · Accepted Answer

Fed district banks do not act as intermediaries to match up lenders and borrowers in the stock market. Their primary functions include clearing checks, replacing old currency, and providing loans to depository institutions, among other responsibilities related to the banking system and monetary policy.

Which of the Following Is NOT an Activity of Fed