Which of the Following Is Not a Function of the Federal

question 203

Multiple Choice

Which of the following is not a function of the Federal Reserve System,or the "Fed"?

• A)acting as a lender of last resort
• B)acting as a banker's bank
• C)performing check clearing services
• D)insuring deposits in the banking system
• E)taking actions to control the money supply

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Definitions:

Strategic Planning Process

A systematic approach used by organizations to define their strategy, direction, and decision-making on resource allocation to pursue their goals.

Establishment

The act of setting up a business or organization; also refers to the business or institution itself once set up.

Control Systems

A set of devices or methods that manage, command, direct, or regulate the behavior of other devices or systems.

Code Of Ethics

A set of principles designed to help professionals conduct their business with honesty, integrity, and fairness.