What is the primary purpose of the Fed's Interdistrict Settlement Fund?
A) to provide electronic check-clearing services to banks
B) to change interest rates to help the economy
C) to insure depositors' acconts at commercial banks
D) to manage the bank accounts of the U.S. government

Question

Quizplus · Accepted Answer

The primary purpose of the Fed's Interdistrict Settlement Fund is to provide electronic check-clearing services to banks, facilitating the transfer of funds and settlement of accounts among Federal Reserve Banks.

What Is the Primary Purpose of the Fed's Interdistrict Settlement