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    Federal Reserve: Explicit Functions

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    Please address the following question: What are the six explicit functions of the Federal Reserve?

    © BrainMass Inc. brainmass.com October 9, 2019, 9:04 pm ad1c9bdddf

    Solution Preview

    The Federal Reserve and state and federal agencies supervise and regulate the nation's financial institutions to ensure their financial soundness and compliance with banking, consumer, and other applicable laws.

    The Federal Reserve acts as the banker for the U.S. government. In this role, the Federal Reserve maintains the Treasury Department's checking ...

    Solution Summary

    This response provides a brief, 190 word response discussing all of the Federal Reserve's explicit functions. Two websites are also provided as good sources for further information.