The Fed Performs All of the Following Functions Except One

question 227

Multiple Choice

The Fed performs all of the following functions except one.Which is the exception?

• A)making loans to banks
• B)clearing checks for banks
• C)holding deposits of banks
• D)minting U.S.coins
• E)holding deposits of the U.S.Treasury

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Definitions:

Planning

The process of setting objectives and determining how to accomplish them.

Control Process

The systematic effort within an organization to guide activities towards meeting goals and objectives, typically involving establishment, monitoring, and adjusting of standards.

Performance Objectives

Specific goals and targets set for employees or departments to achieve, linked to the overall strategic objectives of an organization.

Secure Adequate Financing

The act of obtaining sufficient funds or capital necessary to support operations, projects, or investments.