Question

What are 6 functions of the FED?

Answer 1

1. Clearing Checks.

2. Acting as the Federal Government's Fiscal Agent.

3. Supervising Member Bank.

4. Regulating the money supply.

5. Setting reserve requirement.

6. Supplying paper currency.

Answer 2

clearing checks, government's fiscal agent, member banks supervisor, authorizing supply of money, supplying paper for money, and setting reserve requirements