All of the following are major responsibilities of the Federal Reserve Board EXCEPT

Question

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The Federal Reserve Board (the Fed) tries to create a positive economic environment capable of sustaining low inflation, high levels of employment, a balance in international payments, and long-term economic growth. To this end, the Federal Reserve Board has four major responsibilities: (1) to control the supply of money, or monetary policy; (2) to regulate banks and other financial institutions; (3) to manage regional and national checking account procedures, or check clearing; and (4) to supervise the federal deposit insurance programs of banks belonging to the Federal Reserve System.

All of the Following Are Major Responsibilities of the Federal