Question: Which function of the Fed is considered the most important? Serving as government's bank Serving as bankers' bank Lender of last resort Monetary policy Setting

Which function of the Fed is considered the most important?

  1. Serving as government's bank
  2. Serving as bankers' bank
  3. Lender of last resort
  4. Monetary policy
  5. Setting margin requirements for purchase of securities

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