All of the following are responsibilities of the Federal Reserve System except
A) serving as the government bank.
B) inspecting currency and destroying worn currency.
C) enforcing the Truth-in-Lending Act.
D) clearing checks and electronic transfers.
E) negotiating loans for the government.

Question

Quizplus · Accepted Answer

The Federal Reserve does not negotiate loans for the government; this is typically handled by the U.S. Treasury.

All of the Following Are Responsibilities of the Federal Reserve