When the Fed Is Acting as Fiscal Agent for the Treasury,it

question 78

Multiple Choice

When the Fed is acting as fiscal agent for the Treasury,it will

• A) buy securities from the Treasury,thereby providing the Treasury with money to pay the government's bills.
• B) receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
• C) serve as a lender of last resort.
• D) supply the Treasury with paper money whenever the Treasury does not have enough funds to meet its bills.
• E) supervise the Treasury by examining its books.

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