Question

What role does the Federal Reserve play? Check all that apply.

Answer 1

Answer:

The correct answer is - Regulate the banking industry

Loan money to banks

Transfers any profits to the Treasury

Explanation:

The central banking system of the United States is known as the federal reserve established in 1913 by the federal reserve act. It has many roles as it was established after the financial crisis and panic.

The federal reserve regulates all the banking systems of the United States and controls various banks, work in the countary. It provides loans to such banks on interest and their requirement and transfers the profit to the treasury.