The Federal Reserve System
I) is the central bank for the United States.
II) is a United States government owned bank.
III) is a branch of the Treasury of the United States.
A) I only
B) I and II only
C) I and III only
D) I, II, and III
Which of the following is not a function of the Federal Reserve System?
A) It acts as a central bank.
B) It acts as a banker to banks.
C) It determines tax levels in conjunction with the U.S. Treasury.
D) It sets monetary policy.
The Federal Reserve System was created by the
A) National Banking Act of 1864.
B) Federal Reserve Act of 1913.
C) Glass-Steagall Act of 1933.
D) Banking Act of 1935.
The Federal Reserve does all of the following except
A) make loans to individuals
B) influence the supply of money
C) influence the value of money
D) regulate the banking system