Which of the following statements is false?
A) The Fed serves as the lender of last resort for banks.
B) The Fed serves as a fiscal agent for the U.S.Treasury.
C) A major responsibility of the Fed is to control the nation's money supply.
D) The federal government is the Fed's banker.

Question

Quizplus · Accepted Answer

The federal government is not the Fed's banker. The Fed operates independently of the federal government and manages its own balance sheet.

Which of the Following Statements Is False