The Federal Reserve System:

Question

Quizplus · Accepted Answer

The Federal Reserve System actively encourages member banks to assist in financing international transactions, as part of its role in promoting economic growth and stability. It does not restrict or limit the types of international transactions for which member banks may accept drafts, and does not discourage them from doing so. However, it does have specific regulations and guidelines in place to ensure the safety and soundness of the financial system, and to promote compliance with laws and regulations related to international transactions.