Business, 12.04.2021 21:40, Isaiahtate053

Which of the following is not a function of the Federal Reserve? A. It insures depositors' accounts in commercial banks. B. It provides interbank check clearing services. C. It serves as a "lender of last resort" (that is, it provides additional liquidity to banks in times of panic or crises). D. It indirectly controls the Federal Funds rate to affect the business cycle and macroeconomy.

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Which of the following is not a function of the Federal Reserve? A. It insures depositors' account...