The main function of the Federal Reserve System is to
A. clear checks from member banks.
B. set reserve requirements of banks.
C. control the money supply.
D. serve as the fiscal agent for the federal government.
Answer: C
Economics
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Regulation of the financial system
A) occurs only in the United States. B) protects the jobs of employees of financial institutions. C) protects the wealth of owners of financial institutions. D) ensures the stability of the financial system.
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Which of the following is not directly counted in GDP?
A) investment expenditures B) government purchases C) intermediate goods D) consumer goods
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