Answer the following statements true (T) or false (F)

1. Monetarists argue that the Fed reduces fluctuations in economic activity and the price level.
2. The Fed chairman appears before Congress semi-annually to present the Monetary Policy Report.
3. The Fed used the Term Auction Facility in 2008 to aid bond dealers.
4. The Reigle-Neal Act was passed by Congress in 1932 to regulate banking.
5. Branch banking can now be carried out regionally and even nationally.



1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE

Economics

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