The Major Liability of the Federal Reserve System Is

question 23

Multiple Choice

The major liability of the Federal Reserve System is

• A) gold certificates.
• B) government securities.
• C) loans to commercial banks.
• D) Federal Reserve notes.
• E) treasury deposits.

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Definitions:

Federal Office

A governmental position or department established by the federal law or constitution, responsible for specific duties at a national level.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and relatively smaller scale of operations compared to larger corporations.

State Administrative Regulation

Rules and regulations established by state government agencies to govern specific operational activities.

Federal Administrative Regulation

Rules established by federal agencies that are used to implement federal laws and govern how agencies operate.