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The powers of the Federal Reserve System do not include a.the ability to provide loans to households and firms b.the ability to issue Federal Reserve

The powers of the Federal Reserve System donotinclude

a.the ability to provide loans to households and firms

b.the ability to issue Federal Reserve Bank notes

c.the ability to buy and sell U.S. government securities

d.the ability to impose reserve requirements on depository institutions

e.the authority to clear checks

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