The Fed is a central bank and as such
A)does business only with the federal government.
B)provides banking services to banks but not individuals.
C)provides banking services to individuals and firms.
D)does business with international organizations such as the United Nations.
E)is where the Federal Government turns when it needs to borrow.

Question

Quizplus · Accepted Answer

The Federal Reserve (the Fed) provides banking services primarily to banks and other financial institutions, not directly to individuals.

The Fed Is a Central Bank and as Such