Correct/Complete Question:
What are the responsibilities of the Federal Reserve? Check all that apply.
A. regulate and supervise the American banking industry
B. loan money to banks in a crisi
C. provide banking and loan services to individual Americans
D. manage the nation’s currency supply
E. loan money to corporations that want to raise capital
Answer:
A, regulate and supervise the American banking industry
B, loan money to banks in crisis
D, manage the nation's currency supply
E, loan money to corporations that want to raise capital.
Explanation:
The Federal Reserve bank is the central bank or central banking system of the United States of America created in 1913 to enact a Federal reserve act as a result of financial panics from previous times before 1913.
The Federal Reserve bank has a number of functions but chief among them is maintaining the banking system of the United States.
For the purpose of the question, the chosen options in the answers are part of the functions of the Federal Reserve bank. It regulates the banking systems of America, loan money to banks in crisis to enable them meet their obligations as at when due, manage the supply of currency within the country and also loan funds to corporation or even the US government as capital for projects.
Cheers.
