The duties of the Federal Reserve Bank, established by Act of Congress in 1913, include all of the following EXCEPT
a. conducting the nation's monetary policy.
b. supervising and regulating banking institutions, and protecting the credit rights of consumers.
c. enforcing tax judgments made by the Internal Revenue Service.
d. maintaining the stability of the financial system.
e. providing various financial services to the U.S. government, the public, financial institutions, and foreign official institutions.
Answer: c. enforcing tax judgments made by the Internal Revenue Service.
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a. The Committee of Correspondence b. The Federalist Papers c. The Declaration of Independence d. Shays's Rebellion
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What will be an ideal response?
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