Question

Besides providing financial services and setting monetary policy, what is the third major function of the Federal Reserve System as the nation’s central bank? (1 point) Responses making foreign trade agreements making foreign trade agreements supervising and regulating banks supervising and regulating banks lowering prices by increasing competition lowering prices by increasing competition decreasing foreign competition for domestic goods

Answer 1

The third major function of the Federal Reserve System as the nation’s central bank is **supervising and regulating banks**.