Question

Which statement best describes the roles of the Federal Reserve?(1 point)ResponsesThe Federal Reserve directs fiscal policy for the financial government, sets interest rates, and regulates the banking industry.The Federal Reserve directs fiscal policy for the financial government, sets interest rates, and regulates the banking industry.The Federal Reserve directs monetary policy, sets interest rates, and provides banking services for commercial banks.The Federal Reserve directs monetary policy, sets interest rates, and provides banking services for commercial banks.The Federal Reserve prints the currency for the United States and controls the amount of money in circulation.The Federal Reserve prints the currency for the United States and controls the amount of money in circulation.The Federal Reserve provides lending directly to consumers, businesses, and other banks.

Answer 1

The correct statement is: The Federal Reserve directs monetary policy, sets interest rates, and provides banking services for commercial banks.