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The Federal Reserve Bank has the responsibility of ensuring the reasonableness of the interest rates for business and personal loans within the United States.

Respuesta :

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.

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