iceadelyn iceadelyn

10-07-2024
Social Studies

Answered

The Federal Reserve completes all of the following tasks except:

A. Clears checks
B. Insures deposits for up to $250,000
C. Serves as a banker to the government
D. Holds reserve funds

Answer :

GinnyAnswer GinnyAnswer

10-07-2024

Final answer:

The Federal Reserve oversees tasks like clearing checks and serving as a banker to the government but does not insure deposits for up to [tex]$250,000.

Explanation:

The Federal Reserve, as the central bank of the United States, carries out various functions including clearing checks, serving as a banker to the government, and holding reserve funds. However, it does not insure deposits for up to $[/tex]250,000. This task falls under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC).

Learn more about Federal Reserve functions here:

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