Question

Name three important jobs of the Federal Reserve.

Answer 1

Explanation:

The Fed's three functions are to:

1. conduct the nation's monetary policy

2.provide and maintain an effective and efficient payments system, and.

3.supervise and regulate banking operations.

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Answer 2

The "Federal Reserve System" was created by Congress in the year 1913

Explanation:

The responsibilities of the Federal Reserve include

• Influencing the money & credit supply, & regulating & supervising the financial institutions, conducting the monetary policy of the nation.
• Serving as a fiscal & banking agent for the US govt & supplying "payments services" to the public by way of depository institutions such as credit unions,  banks, loans, & savings
• Providing  & maintaining an effectual & efficient payments system. Payments services comprise  issuing, transferring & redemption of the US. govt securities, processing & clearing cheques & fund transfer

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