The Federal Reserve Bank has the responsibility of ensuring the reasonableness of the interest rates for business and personal loans within the United States.

Question

Quizplus · Accepted Answer

The Federal Reserve Bank's responsibility is to regulate monetary policy, provide financial services to banks, and maintain the stability of the financial system. While they can influence interest rates, they do not set them directly for business and personal loans.

The Federal Reserve Bank Has the Responsibility of Ensuring the Reasonableness