All of the following are objectives of the Federal Reserve system,except

A) to furnish an elastic currency.
B) to conduct monetary policy.
C) to accept deposits from individuals.
D) to serve as a lender of last resort to commercial banks and thrift institutions.
E) to supervise and regulate our financial institutions.

Federal Reserve System

An alternative term for the Federal Reserve, emphasizing its structure as a network of 12 Federal Reserve Banks serving as the nation's central bank.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Elastic Currency

A currency system that can expand or contract in supply to accommodate economic needs and stabilize the economy.