Name three important jobs of the Federal Reserve.
Answers
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Explanation:
The Fed's three functions are to:
- 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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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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