Which of the following is a function that is performed by the Federal Reserve?

a) To clear checks.
b) To keep inflation high.
c) To keep employment high.
d) To keep interest rates low.

Ans: a) To clear checks.

Economics

The 12 regional Fed banks do not:

A. Provide loans to banks. B. Hold reserves for banks. C. Accept deposits from individuals. D. Provide currency to banks.

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Economics

A tax that is based on the value of a good or service is an excise tax

a. True b. False

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Economics