Which of the following is not a major responsibility of the Fed?
A) supplying the economy with paper money
B) providing check-clearing services
C) supervising member banks
D) serving as fiscal agent for the Treasury
E) All of the above are major responsibilities of the Fed.

Question

Quizplus · Accepted Answer

All of the options listed (supplying the economy with paper money, providing check-clearing services, supervising member banks, and serving as fiscal agent for the Treasury) are indeed major responsibilities of the Federal Reserve (the Fed).

Which of the Following Is Not a Major Responsibility of the Fed