What is the primary responsibility of the federal reserve bank

Asked by admin @ in Business viewed by 297 People

Which of the following is a primary responsibility of the Federal Reserve Bank? APrint money BCollect taxes CWrite monetary laws DEstablish monetary policy

Answered by admin @


The Federal Reserve has many responsibilities but the main one is to establish monetary policy. The Federal Reserve helps control all of the U.S. banks and what is allowed and what is not allowed to happen based on their rules regarding funds. The Federal Reserve is the central banking system in the United States and it was created in 1913. This system was put in place to have one central location of policies and funds within the United States.


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