Which if these is NOT a function of the Federal Reserve?
a. Provide financial services to banks c. Supervise and regulate banks b. Manage the federal deficit d. Conduct monetary policy

“Managing the Federal deficit” is not a part of the function of the Federal Reserve.

Explanation:

The federal deficit is the difference between the expenditure that the government makes against the revenues that it gets from the various taxes laid down for its citizens.

They do not have control over default loans and nor do they have control over the expenditure that the government would have to make in times of emergency.

Hence, they do not manage or look over the Federal deficit

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