What is the purpose of regulation Z?
The purpose of Regulation Z is to: make consumers aware of the costs of alternative forms of credit. The Truth in Lending Act: limits liability on lost or stolen credit cards. The dynamic actions of the Federal Reserve System: stimulate or repress the level of prices or economic activity.
What is the primary responsibility of the Fed?
The primary responsibility of the Fed is to formulate monetary policy which involves regulating the growth . of the supply of money, and therefore regulating its cost and availability. (T/F) True. By exercising its influence on the monetary system of the United States, the Fed performs a unique and .
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