Which is NOT a duty performed by the Federal Reserve System?
A) create money
B) manage the borrowing and issuing of bonds for the U.S.Treasury
C) manage the federal budget deficit
D) act as a bank for large commercial banks

Question

Quizplus · Accepted Answer

The Federal Reserve System does not have the responsibility of managing the federal budget deficit. This duty falls on the federal government and Congress.

Which Is NOT a Duty Performed by the Federal Reserve