Which of the following is NOT one of the functions of the Federal Reserve?

	maintain the stability of the US financial system
	conduct monetary policy
	supervise the federal court system
	provide payment services to the US government, the public, and financial institutions
	supervise and regulate depository institutions

Which of the following is NOT a responsibility of the regional Federal Reserve banks?

	Conduct inspections of real estate firms
	Issue warnings when banking activity is unsafe or unsound
	Perform banking sector and economic research
	Approve bank mergers and acquisitions
	Act as a central clearing system for US banks

Which of the following is NOT one of the problems the Fed faces in conducting monetary policy?

	Inflation can cause interest rates to increase, hurting growth
	Excessive money creation could reduce the value of the dollar and cause inflation
	Significant time lags betwee policy implementation and effect on economy
	Supplying money to lenders does not guarantee they will lend
	All of the above a possible problems in conducting monetary policy