Which of the following is a function of the Fed?
A)It creates a budget, or a financial plan, for the national economy every year.
B)It performs banking services for commercial banks in districts in which it operates.
C)It calculates the expected spending for the federal government every year.
D)It outlines expected revenue that is due from the collection of taxes and fees.

Question

Quizplus · Accepted Answer

The Fed's main function is to oversee and regulate the banking system in the United States, including providing banking services to commercial banks in the districts where it operates. Options A, C, and D are all functions of the federal government as a whole and are not exclusive to the Fed.

Which of the Following Is a Function of the Fed