Why does the Federal Reserve alter monetary policy?

a. to regulate the banking industry

b. to provide services to member banks

c. to enable banks to clear checks

d. to lessen the effect of natural business cycles

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21 Nov 2021

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Samantha BalandoLv7

8 Oct 2020

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Which of the following is not a function of the Federal Reserve?

(i) provide banking services to the consumers

(ii) supervising and regulating the commercial banks

(iii) act as a lender of last resort

(iv) create and implement the monetary policy

		A. The annual income from securities far exceeds the annual expenditures of the Federal Reserve Bank.
		B. All banking services provided by the Federal Reserve Bank are free of charge.
		C. The Federal reserve Bank delegates its open market operations to smaller commercial banks.
		D. The Federal Reserve Bank's president is elected for a fourteen year renewable term.