It is False.
What does the Federal bank Reserve do?
- Reserve Banks serve as the government's bank, handling payments, selling government securities, and assisting with cash management and investment activities.
- Reserve banks conduct economic research on regional, national, and international levels.
- The Fed influences the economy and the financial lives of Americans by supervising the nation's banks and influencing interest rates.
- While it does not interact with individuals directly, it ensures that they can deposit checks, use debit cards, and transfer funds in a secure and consistent manner.
- The Federal Reserve has been chastised for failing to achieve its objectives of greater stability and low inflation.
- This has resulted in a number of proposed changes, including advocacy for different policy rules or dramatic system restructuring.
To learn more about Federal bank Reserve from the given link
https://brainly.com/question/653681
#SPJ4