All of the following are functions of the Federal Reserve System except to
A) regulate the supply of money.
B) insure commercial depositors' deposits when there is a bank closure.
C) inspect U.S. currency.
D) set margin requirements.
E) be a clearinghouse for checks.

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) insures commercial depositors' deposits when there is a bank closure, not the Federal Reserve System. The other options are all functions of the Federal Reserve System.

All of the Following Are Functions of the Federal Reserve