Which of the Following Is Not a Function of the Federal

question 124

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 serve as a fiscal agent for the U.S. Treasury
• E) to serve as the government's tax collector

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Definitions:

Maximum Profit

The highest possible financial gain achievable by a business or investment, often the primary goal of economic activities and operations.

Corners

Points at which two or more lines or edges meet, often used in the context of geometry or spatial planning.

Profit

The financial benefit gained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Restriction

A rule or condition that limits or controls what can be done.