In addition to controlling the money supply,the Federal Reserve System also

Question

Quizplus · Accepted Answer

The Federal Reserve System acts as fiscal agents for the federal government by managing the Treasury's account and processing the government's payments. While the Federal Reserve does hold reserves and conduct transactions for commercial banks, it does not hold deposits for the public, regulate the market for corporate securities, govern the International Monetary Fund, or insure most commercial bank accounts (that is the role of the FDIC).

In Addition to Controlling the Money Supply,the Federal Reserve System