Which of the following is not a function of the Federal Reserve System?
A) Setting the required reserve ratio
B) Establishing the prime lending rate
C) Clearing checks
D) Regulating banking activity
E) Controlling the money supply.
Correct Answer:
Verified
Q95: What interest rate does the Fed charge
Q96: Which of the following is an open
Q97: The chairman of the Board of Governors
Q98: An important function of the Federal Reserve
Q99: The group within the Federal Reserve System
Q101: The Fed's open market operations involve
A) buying
Q102: The Fed typically decreases the money supply
Q103: A bank wants to get rid of
Q104: If the reserve requirement is 0.2 and
Q105: If demand deposits increase,the result is that
A)
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