The major objective of the Federal Reserve System is to:

Question

Quizplus · Accepted Answer

The major objective of the Federal Reserve System is to provide stability to the economy through monetary policy. This includes regulating the money supply, interest rates, and credit availability in order to promote sustainable economic growth and prevent inflation or recession. While member banks do benefit from the actions of the Federal Reserve, their profitability is not the primary objective of the organization. The distribution of paper money and coins is also a function of the Federal Reserve, but it is not the main objective. Similarly, preventing the closure of individual member banks is not the main objective, although the Federal Reserve does work to maintain a stable financial system. Lastly, framing sustainable public distribution schemes is not a primary objective of the Federal Reserve System.

The Major Objective of the Federal Reserve System Is To