Which of the following functions are not performed by any of the twelve regional Federal Reserve Banks?
A. Check clearing
B. Conducting economic research
C. Setting interest rates payable on time deposits
D. Issuing new currency
Answer:C
Which of the following functions are not performed by any of the twelve regional Federal Reserve Banks?
A. Check clearing B. Conducting economic research C. Setting interest rates payable on time deposits D. Issuing new currency