Indicate whether the following activities are a responsibility of the treasury department ("treasury") or the federal reserve ("fed").
a. "Fed"-administering monetary policy(Monetary policy deals with banks and credit, which is the realm of the Federal Reserve.)
b. regulating bank lending activities(The Fed guides interest rates and influences lending activities among private banks.Ironically, elected politicians are often held accountable for economic performance that is well out of their control.)
c. "Treasury"-administering fiscal policy(Fiscal policy refers to taxing and spending policies, which primarily occur in the Treasury Department (which houses the IRS).