Question

the u.s. treasury conducts check clearing services for all banks in the country true or false

Answer 1

look here

http://spruce.flint.umich.edu/~mjperry/macro13.htm

Answer 2

hint: I won't give away the answer, but look under the section "ACTUAL DEPOSIT MULTIPLIER"

Answer 3

ok

Answer 4

if that doesn't help, then look here

http://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp

and look under the section (in bold) titled "Working Together"

Answer 5

true

Answer 6

why true

Answer 7

did you look through both pages?

Answer 8

i looked under the one where its says working togther because it says The Federal Reserve and the Department of the Treasury also work together to borrow money when the government needs to raise cash

Answer 9

from the first link

" Regulate the banking industry, e.g. set reserve requirements. Lend money to banks. Provide check-clearing services"

and this is under the "FEDERAL RESERVE SYSTEM" section in the first link

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from that second link

"Working Together
Managing Government Funds
The Department of the Treasury and Federal Reserve work together in an effort to maintain a stable economy. The Federal Reserve serves as the government's banker, processing transactions, such as accepting electronic payments for Social Security taxes, issuing payroll checks to government employees and clearing checks for tax payments and other government receivables."


so the last sentence says

"The Federal Reserve ...clearing checks for tax payments and other government receivables"

Answer 10

therefore, because the federal reserve does the check clearing services and they are NOT part of the treasury, this means that the original statement is false

Answer 11

ohh ok thank you sorry i am not that good in economics but thank you :)

Answer 12

that's ok, just try to take better notes and research some more and you'll get better at it

Answer 13

i sure will :)