Question

Congress created the Federal Reserve System

A. to provide a source of mortgage loans to the residential housing market.
B. to serve as a lender of last resort.
C. to process the receipt of taxes received by the Internal Revenue Service.
D. to regulate the value of the U.S. dollar against foreign currencies.

Answer 1

The correct answer to the following question will be Option B.

Step-by-step explanation:

FRS (Federal Reserve System) seems to be the United States banking system (central). The US socioeconomic as well as the financial framework is governed by the Fed because it is officially called.

The FRS acts in five particular roles:

• Make a monetary policy for the country.
• To provide United states government with services of banking and finance.
• Holding the financial sector intact.
• Surveillance.
• Attempting to protect customer's credit privileges.

The other three options are not related to the given scenario. So, Option B is the right answer.