Which of the Following Is Not a Function of the Federal

question 69

Multiple Choice

Which of the following is not a function of the Federal Reserve System?

• A) to clear checks
• B) to supervise member banks
• C) to serve as the lender of last resort
• D) to handle the sale of U.S.Treasury securities
• E) to serve as the government's tax collector

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Definitions:

Norms

accepted standards or expectations that regulate behavior within a group or society.

Milgram's Studies

Milgram's studies were groundbreaking experiments conducted by Stanley Milgram in the 1960s to explore obedience to authority, demonstrating that people are willing to follow directions from an authority figure even to the extent of inflicting pain on another person.

Electric Shocks

A form of physical stimulation or punishment involving the application of electrical current to the body.

Diffusion of Responsibility

A sociopsychological phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.