Which of the following is NOT true about the duties the Fed performs for the federal government?

Question

Quizplus · Accepted Answer

The U.S. Treasury does not control the Fed; the Fed operates independently as a quasi-public institution. The other options are all true; the Fed serves as the bank and fiscal agent of the federal government, aids in the purchase and sale of government securities, and the U.S. Treasury has a checking account at the Fed.

Which of the Following Is NOT True About the Duties