Question
What is one service the Fed performs for the Treasury Department?
It collects federal taxes.
It selects the Secretary of the Treasury.
It processes payments, such as Social Security checks.
It auctions government bills.
It collects federal taxes.
It selects the Secretary of the Treasury.
It processes payments, such as Social Security checks.
It auctions government bills.
Answers
GPT-4o mini
One service the Fed performs for the Treasury Department is that **it processes payments, such as Social Security checks**. The Federal Reserve plays a crucial role in the nation's payment system, helping to facilitate and manage various payment processes for the government.