Which of the following is NOT a correct statement about the Federal Reserve banks?
A. They supervise member banks within the Federal Reserve System.
B. They provide the economy with gold backed currency.
C. They provide a system of check collection and clearing.
D. They act as banker and fiscal agent for the U.S. government.
Answer: B
Economics
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Do competitive markets use resources efficiently? Explain why or why not
What will be an ideal response?
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