Which of the Following Is Not a Function of the Fed

question 231

Multiple Choice

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

• A) To supervise and regulate banks.
• B) Dealing with financial crises.
• C) To print currency.
• D) Check clearing.
• E) Acting as a "bank for banks".

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Definitions:

Holder

The individual or entity that possesses or controls a particular document, instrument, or security, having certain rights to it.

Drawee

A party upon whom a cheque or draft is drawn, typically a bank, responsible for paying the amount specified to the payee.

Negotiable Instruments

Financial documents promising payment to the holder, such as checks, bills of exchange, and promissory notes.

Referral Selling

A type of sales practice in which the purchaser supplies a seller with a list of friends or acquaintances and receives a benefit when sales are made to those people.