Which of the following events directly involves the Federal Reserve? A. You apply for a college program.
B. You review your bank account online.
C. You make a purchase with a credit card.
D. You withdraw cash from your bank account.
Which of the following events directly involves the Federal Reserve?
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The correct answer is C. You make a purchase with a credit card.
Explanation: When you use a credit card, the transaction often involves the Federal Reserve’s payment systems. The Fed plays a key role in the overall payment system and monetary policy, which influences credit availability and interest rates related to credit cards. The other options are more individual activities that don’t directly involve the Federal Reserve. If you need more details or have further questions, feel free to ask!