The major functions of the Federal Reserve include controlling the money supply, serving as a lender of last resort, and regulating and supervising banks.

Question

Quizplus · Accepted Answer

The Federal Reserve, as the central bank of the United States, has several key functions including controlling the money supply through monetary policy, serving as a lender of last resort to banks and other financial institutions in times of crisis, and regulating and supervising banks to ensure the safety and soundness of the financial system.

The Major Functions of the Federal Reserve Include Controlling the Money