Which of the following activities is one of the responsibilities of the Federal Reserve?
A) issuing new bonds to finance the federal budget deficit
B) loaning money to other countries that are friendly to the United States
C) assisting banks that are in a difficult financial position
D) auditing the various agencies and departments of the federal government

Question

Quizplus · Accepted Answer

Assisting banks that are in a difficult financial position is one of the responsibilities of the Federal Reserve. The other options are not among the responsibilities of the Federal Reserve.

Which of the Following Activities Is One of the Responsibilities