Which of the Following Is Not a Responsibility of the Fed

question 12

Multiple Choice

Which of the following is not a responsibility of the Fed?

• A) supervising member banks
• B) serving as the lender of last resort
• C) issuing government securities
• D) providing check-clearing services
• E) supplying the economy with Federal Reserve Notes

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Definitions:

Wage

The fixed regular payment, typically paid on a daily or weekly basis, earned by an employee.

Salary

Regular compensation paid to an employee, usually expressed as an annual sum and paid in monthly or biweekly installments.

Job Evaluation Programs

Formal schemes undertaken by organizations to ascertain the relative value of different jobs, aiding in creating equitable compensation strategies.

Comprehensive Job Descriptions

Detailed documentation that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.