The Major Overall Purpose of the Federal Reserve System Is

question 94

Multiple Choice

The major overall purpose of the Federal Reserve System is to

• A) keep the discount rate flexible.
• B) insure the deposits of persons holding funds with banking institutions.
• C) regulate the money supply and, thereby, provide a monetary climate that is in the best interest of the economy.
• D) regulate the levels of excess reserves held by member banking institutions.

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