The Fed

question 223

Multiple Choice

The Fed

• A) is responsible for minting coins.
• B) distributes Federal Reserve notes, which are paper currency.
• C) is responsible for conducting U.S. fiscal policy.
• D) has 15 Federal Reserve banks and governing boards in New York and Chicago.

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Definitions:

Secretary of State

A high-ranking official in the government responsible for conducting foreign affairs, and in some states, overseeing the electoral process and maintaining public records.

Gross Returns

The total amount of financial return on an investment before any deductions, such as expenses or taxes.

Rebuttable Presumption

A legal principle assuming certain facts are true until proven otherwise.

Partnership Funds

Resources or capital pooled together by partners in a partnership for the purpose of carrying out the partnership's business activities.