Asked by Nicklaus Chong on Sep 27, 2024
One of the primary purposes of the Federal Reserve System (the Fed) is to
A) guard against national gasoline shortages by maintaining large stores of oil at the country's military bases.
B) guard against state governments defaulting on their debt obligations by limiting budget expenditures.
C) guard against the federal government defaulting on its debt obligations by limiting budget expenditures.
D) guard against bank failures during a sudden economic scare by making sure that banks
Do not overextend themselves.
Federal Reserve System
The Federal Reserve System is the central banking system of the United States, responsible for monetary policy, regulation of banks, and ensuring stability in the financial system.
Economic Scare
A situation that causes widespread fear or concern about the stability or future of an economy.
- Identify the functions of particular federal institutions in the realm of national security and financial oversight.
Learning Objectives
- Identify the functions of particular federal institutions in the realm of national security and financial oversight.