Question

The Federal Reserve System is responsible for all of the following except _____.

Answer 1

Answer:

The correct answer here is A: Implementing fiscal policy concerning taxation and government spending

Explanation:

The Federal Reserve, which was established in 1913 by the U.S Congress as a means to better control and balance the financial and economical spheres of the nation, works nowadays like the biggest and most important banking institution that regulates the money supply, surpluss, lack, credit availability, and any other functions regarding the control of money, and credit, flow, to maintain the economy always stable. Although they do influence policy-making processes regarding money spenditure and money control, it is not within their scope of actions to either implement, or enact, any taxation policies, or affect government spending. That job is entirely from two of the three major branches: the executive and the legislative brances, responsible for taxation and government spending policies.