Which of the following is NOT a responsibility of the Board of Governors?
A) Approving bank mergers
B) Determining permissible activities for bank holding companies
C) Carrying out open market operations
D) Setting the salaries of the presidents and officers of district banks
Correct Answer:
Verified
Q39: The members of Federal Reserve district bank
Q40: Members of the Board of Governors are
A)elected
Q41: The Fed does not have to go
Q42: Most of the Fed's earnings come from
A)fees
Q43: Most Fed watchers believe that the Fed
Q45: The Banking Acts of 1933 and 1935
A)established
Q46: What is the main reason the Fed
Q47: Member banks
A)exercise tight control over the Federal
Q48: To conduct open market operations, the FOMC
Q49: The margin requirement set by the Federal
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