Which of the following is NOT a correct statement?
A) The country has 12 Federal Reserve districts.
B) The Federal Open Market Committee carries out open market operations.
C) A majority of private banks are not part of the Federal Reserve System.
D) The Fed chairman is appointed by the president for 14 years.
E) The Senate ratifies the president's appointment of the chairman of the board of governors of the Fed.
Correct Answer:
Verified
Q141: Secondary reserves consist of
A)government securities.
B)cash and securities.
C)cash,required
Q142: In January 2009,how many members of the
Q143: During a recession,banks are likely to
A)experience a
Q144: Excess reserves are important to a banker
Q145: In the real-world banking system,a bank can
Q147: The federal funds market is
A)where banks borrow
Q148: If a bank subject to a 20%
Q149: Assume that a bank has $2,000 in
Q150: The main reason that the Fed now
Q151: The reserve ratio refers to
A)the proportion of
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