Which Is Not a Function of the Fed

question 148

Multiple Choice

Which is not a function of the Fed?

• A)Conducting monetary policy
• B)Serving as a lender of last resort
• C)Providing financial services such as check clearing to commercial banks
• D)Directly financing U.S. budget deficits

---

Definitions:

Minimum-Wage Law

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers.

Equilibrium Wage

The wage level at which the quantity of labor demanded by employers matches the quantity of labor supplied by workers, leading to a stable employment situation.

Labor Supplied

Labor supplied refers to the total hours that workers in an economy are willing and able to work at a given wage rate.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their job and meet certain eligibility requirements.