Which best describes a centrals bank primary role

The primary role of a central bank is creating monetary policy.

The three major functions of the central bank (Fed) of the United States are monetary policy, financial services and controlling affairs of other member banks (banks supervision)

The Federal Reserve System is the central bank of the United States and it is also known as the Fed. The Federal Reserve System plays a major role in the Economy of the United States and the world. The US central bank is a single actor in the US economy and also controls the world’s money.  

The Federal Reserve System is made of three major component and these include:

The board of governors is made of seven governors and their primary duty is to guide monetary policy action and analyze both domestic and international condition.

The staff economists provides semi –annual and beige brook monthly reports to the congress

The federal open market committee sets target for fed fund rate and controls the market operation.

Other functions of the Federal Reserve System include

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b. second continental congress

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