Which of the following are jobs of the Federal Reserve?

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Which of the following are jobs of the Federal Reserve?

I. Supervises and regulates financial institutions

II. Controls the growth rate of the money supply

III. Sets the interest rates on home mortgages and auto loans

IV. Acts as the lender of last resort to commercial banks and other financial institutions

1 Comment
  1. Reply
    SDD
    April 30, 2011 at 1:02 am

    II and IV

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