Which is not a role of the Federal Reserve?
a. Banker and agent for the U.S. government
b. Regulating the money supply
c. Check clearing, supervising practices, and issuing currency for banks
d. Providing loans to individuals
The correct option is (D) the Federal Reserve system is not providing loans to individuals. In 1913, Federal Reserve System was created by Congress. The role of the Federal Reserve is to influence the supply of money; transferring funds; processing and clearing check; regulating financial institutions and serving as a fiscal agent for the united nation.
