Which of the following is not a service the Fed provides to the banking community?
A) supply currency to banks
B) hold bank reserves
C) clears checks
D) supply U.S. currency
E) prints U.S. currency

Question

Quizplus · Accepted Answer

While the Fed is responsible for the monetary policy and the production of U.S. currency, it does not directly print currency. The Bureau of Engraving and Printing, which is part of the U.S. Treasury, prints U.S. currency.

Which of the Following Is Not a Service the Fed