all of the following are responsibilities of the fed except: * 10 points a. control the monetary base. b. set the reserve requirement. c. oversee and regulate the banking system. d. set the discount rate. e. print bills and mint coins.

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25-10-2022
Business

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all of the following are responsibilities of the fed except: * 10 points a. control the monetary base. b. set the reserve requirement. c. oversee and regulate the banking system. d. set the discount rate. e. print bills and mint coins.

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-28T03:26:13-04:00

All mentioned below are responsibilities of Federal reserve except printing bills and mint coins, it done by treasury department. So, the correct answer is (d).

Federal reserve is the central bank of United States of America which is responsible for maintenance of overall financial system of the country.

In the Federal Reserve Act, Congress outlined three fundamental objectives for monetary and fiscal policy: increasing employment, preserving stable prices, and lowering long-term borrowing costs. The Federal Reserve's dual mission is yet another name for the initial two goals. In in addition to supervising and regulating banking institutions, preserving the integrity of the financial system, and offering banking services to depository institutions, the federal govt, and overseas statutory bodies, federal reserve's obligations have expanded over time.

Learn more about Federal Reserve here:

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