A major function of the Federal Reserve System is

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for controlling and managing the money supply in the economy. It achieves this through various tools, such as changing interest rates, adjusting reserve requirements for banks, and open market operations. The Fed does not have direct control over fiscal policy, government spending, or tax policy, which are determined by the legislative and executive branches of the government.

A Major Function of the Federal Reserve System Is