Which of the following statements about the federal reserve system (the fed) is most true?

a. one of the major parts of the fed is the board of regents.

b. the fed sets fiscal policy.

c. the fed supervises banks to ensure they are in compliance with reserve requirements.

d. the fed is not allowed to lend money to any bank.

Question

10 September, 08:09

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Answers (1)

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Harley Jackson · Answer 1

The correct answer is C. The federal reserve supervises banks. Though not all banks are supervised by the federal reserve it is better to be.