In its function of controlling the money supply, the Fed does which one of the following?
A) Controls the money supply.
B) Clears checks.
C) Regulates banks.
D) Holds gold belonging to foreign governments.
E) All of the above are true.

Question

Quizplus · Accepted Answer

The Fed controls the money supply by setting interest rates, regulating banks, and holding gold belonging to foreign governments.

In Its Function of Controlling the Money Supply, the Fed