1. which of the following is a function of the federal
reserve system?
1. examine commercial banks
ii. conduct fiscal policy
iii, conduct monetary policy
a. i only
b. ii only
c. iii only
d. i and iii only
e. i, ii, and iii

The Fed's three functions are to: conduct the nation's monetary policy, provide and maintain an effective and efficient payments system, and. supervise and regulate banking operations.

Explanation:

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