Which of the Following Is Not a Responsibility of the Fed

question 160

Multiple Choice

Which of the following is not a responsibility of the Fed?

• A) supervising member banks
• B) serving as the lender of last resort
• C) determining the level of government spending
• D) providing check-clearing services
• E) supplying the economy with Federal Reserve Notes

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Definitions:

Authoritative Command

Uses formal authority to end conflict.

Outright Competition

A market scenario where businesses directly contend with each other offering similar products or services to the same customer base.

Avoidance

Involves pretending a conflict does not really exist.

Pretending

is the act of simulating or giving the appearance of a particular state, condition, or attribute, often to deceive or for playful purposes.