Which of the following does the Federal Reserve System do for the U.S. Treasury?

Question

Quizplus · Accepted Answer

The Federal Reserve System performs all three functions listed in options A, B, and C to serve as a fiscal agent for the US Treasury. The Fed helps the Treasury maintain its transactions account by facilitating payment transactions on behalf of the government. It also clears Treasury checks by processing them through its accounting system. Finally, as a fiscal agent, the Fed manages the government's debt by issuing, redeeming, and servicing Treasury securities.

Which of the Following Does the Federal Reserve System Do