Which of the Following Is Not a Responsibility of the Federal

question 78

Multiple Choice

Which of the following is not a responsibility of the Federal Reserve Banks?

• A) Sets reserve requirements
• B) Proposes discount rates
• C) Furnishes currency
• D) Handles U.S. government debt and cash balances

---

Definitions:

Prospectus

An official document that provides detailed information about an investment, typically issued by companies in the process of going public.

Registration

The act of recording or enrolling details or information officially, often necessary for legal recognition, such as in the case of properties, vehicles, or trademarks.

Securities Enforcement Remedies

Legal tools and methods employed by regulatory bodies to ensure compliance with securities laws and regulations.

Penny Stock Reform Act

Legislation aimed at providing greater transparency and protection in the trading of low-priced, speculative securities known as penny stocks.