Question

The role of the Federal Reserve Board of Governors is to:

A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.

Answer 1

B. set discount rates and reserve requirements.

I think that the board of the Governors are responsible for setting the discount rates according to the Reserve banks and they have to reserve the requirements for their need. The important thing that the Board of governors should concentrate on improving the Federal Reserve bank work.