Financial Markets and Institutions
Financial Markets and Institutions
6th Edition
ISBN: 9780077641825
Author: SAUNDERS
Publisher: Mcgraw-Hill Course Content Delivery
Question
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Chapter 4, Problem 1DYU
Summary Introduction

To discuss: Federal reserve bank’s major functions.

Expert Solution & Answer
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Explanation of Solution

The Federal Reserve Bank is a part of the Federal Reserve system. The Federal Reserve Bank Performs various functions and the major function are as follows:

  • Providing assistance for conducting the monetary policy.
  • Regulation and supervision.
  • Community affairs and protection of the consumers.
  • Services by the government.
  • Issuing of new currency.
  • Clearance of the check.
  • Research services.
  • Transfer of wire services.

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