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Which of these is a responsibility of the Federal Reserve System?

collecting federal income taxes

lending money to individuals

controlling the money supply

approving government budgets

1 Answer

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Answer: lending money to individuals

Step-by-step explanation:

Controlling the money supply is a responsibility of the Federal Reserve System. The Federal Reserve is responsible for conducting monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates. It has the authority to adjust interest rates, influence the availability of credit and money, and regulate the banking system to control the supply of money in the economy. Collecting federal income taxes is the responsibility of the Internal Revenue Service (IRS), lending money to individuals is the responsibility of banks and financial institutions, and approving government budgets is the responsibility of the legislative branch of government.

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