The primary function of the Federal Reserve System is to
A) issue currency to member banks.
B) regulate the growth of the money supply.
C) serve as a fiscal agent for the U.S. government.
D) regulate and conduct bank examinations.

Question

Quizplus · Accepted Answer

The primary function of the Federal Reserve System is to regulate the growth of the money supply. While it does issue currency to member banks and serves as a fiscal agent for the U.S. government, these are not its primary functions. The Federal Reserve also conducts bank examinations, but this is more of a regulatory function rather than a primary function.

The Primary Function of the Federal Reserve System Is to