IDNLearn.com is designed to help you find reliable answers quickly and easily. Find accurate and detailed answers to your questions from our experienced and dedicated community members.

Which statement about the Federal Reserve (the Fed) is true?

Unless a person works there, the Fed has little impact on everyday life.
The Fed determines the criteria banks must use to evaluate loan requests.
The Fed serves as the nation's central bank and regulates banking practices.
Because it is independent, the Fed reviews and approves the national budget.