The Fed Performs All of the Following Functions Except One

question 227

Multiple Choice

The Fed performs all of the following functions except one.Which is the exception?

• A)making loans to banks
• B)clearing checks for banks
• C)holding deposits of banks
• D)minting U.S.coins
• E)holding deposits of the U.S.Treasury

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Definitions:

Social Facts

Aspects of social life that shape an individual's actions, such as norms, values, and beliefs, according to sociologist Émile Durkheim.

Political Beliefs

The convictions or opinions individuals hold about political issues, policies, and personalities.

Lumpenproletariat

A term used in Marxist theory to describe the underclass, excluded from the class structure of capitalist society, without access to the means of production.

Critical Distance

Critical distance involves maintaining an analytical perspective that allows for objective evaluation and critique of a subject, avoiding personal bias or emotional involvement.