Question

An important function of the regional Federal Reserve Banks is Question 2 options: A) clearing checks. B) determining monetary policy. C) setting margin requirements. D) setting reserve requirements.

Answer 1

Answer:

B) determining monetary policy AND D) setting reserve requirements.

Explanation:

The Federal Reserve Bank is comprised of 12 regional Federal Reserve Banks that are each responsible for a specific geographic area of the U.S.

The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

Furthermore, In the United States, the Federal Reserve Board of Governors controls the reserve requirement for member banks.