When the Fed Is Acting as Fiscal Agent for the Treasury,it

Multiple Choice

When the Fed is acting as fiscal agent for the Treasury,it will

A) buy securities from the Treasury,thereby providing the Treasury with money to pay the government's bills.
B) receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
C) serve as a lender of last resort.
D) supply the Treasury with paper money whenever the Treasury does not have enough funds to meet its bills.
E) supervise the Treasury by examining its books.