Answer :
Answer:
The first part of the question is as follows:
1982
18%
1982
The second part of your question (What are the responsibilities of the Federal Reserve?
Regulate and supervise the American banking industry
Loan money to banks in a crisis
Manage the nation's currency supply
A,B, & D
Explanation:
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Interest rates reached their peak in 1982 at about 18%. During the year 1982, buying a $100,000 house would result in the highest interest rate.
The following are the correct answers to the second part of the question:
(a) Regulate and supervise the American banking industry
(b) Lend money to the banks in the crisis
(d) Manage the nation's currency supply.
What exactly is the Federal Reserve System, and why do we require its services?
- The Federal Reserve is the United States' central bank.
- The Fed regulates the national banking system, handles monetary policy, stagnates the financial sector, serves customers, and more.
- Even though the fact that the president appoints the members of the Fed board, it is intended to operate free of government influence.
Learn more about the federal reserve system, here-
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