The major function of the Federal Reserve Bank is to provide low interest loans to LDCs.

Question

Quizplus · Accepted Answer

The major function of the Federal Reserve Bank is to regulate the supply of money and credit in the economy, oversee and regulate financial institutions, and maintain the stability of the financial system. While the Federal Reserve may provide loans to banks and other financial institutions in times of liquidity crises, it does not provide loans to LDCs (least developed countries) or any other entities outside the US financial system.

The Major Function of the Federal Reserve Bank Is to Provide