Which of the Following Statements About the Federal Reserve Bank

question 154

Multiple Choice

Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate?

• A) The Fed is an agency of the U.S. Treasury Department that has the responsibility of collecting tax receipts for the IRS.
• B) The Fed manages the U.S. money supply and interest rates.
• C) The Fed is the primary government agency involved in carrying out our nation's fiscal policies.
• D) The Fed is the agency of the government that ensures the U.S. maintains enough gold reserves to pay any foreign debts that result from international trade.

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Definitions:

Inferior Quality

A term used to describe goods or services that do not meet expected standards or specifications.

Slander

The act of making false and damaging statements about someone, orally, that harm their reputation.

Financial Position

An overview of the assets, liabilities, and equity of an entity at a specific point in time, reflecting its economic resources and obligations.