All of the Following Are Functions of the Federal Reserve

question 177

Multiple Choice

All of the following are functions of the Federal Reserve System (the Fed) EXCEPT

• A) supplying currency.
• B) check clearing.
• C) regulation of the money supply.
• D) lender of last resort for consumers.

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Definitions:

Circulating Fluid

A liquid that flows or moves continuously in a system or body, such as blood in the cardiovascular system.

Blood Vessels

Tubular structures carrying blood through the tissues and organs; a vital part of the circulatory system.

Schedule II

A classification of drugs considered to have a high potential for abuse but also legitimate medical use.

Controlled Substance

a drug or chemical whose manufacture, possession, or use is regulated by government due to its potential for abuse or addiction.