Which of the Following Is Not a Major Function of the Federal

question 98

Multiple Choice

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

• A)lender of last resort
• B)clearing checks between banks
• C)setting income tax rates
• D)controlling the money supply

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Definitions:

Expected Returns

The probable gains or losses on an investment over a specific period based on historical performance or analyst forecasts.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Portfolio

A portfolio containing various financial instruments such as stocks, bonds, commodities, plus cash and cash equivalents, in addition to closed-end funds and ETFs.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, commonly used to quantify the amount of variation.