Which of the following is false?
A) The Fed furnishes banking services to the government in a manner similar to the way private banks furnish banking services to their customers.
B) The Fed clears Treasury checks, issues and redeems government securities, and provides other financial services.
C) The Fed acts as the fiscal agent of the government in financial transactions with foreign governments and foreign central banks.
D) The Fed acts as a super-central bank for other central banks around the world.
Correct Answer:
Verified
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