Which of the following is NOT a correct statement about the Federal Reserve banks?
A. They supervise member banks within the Federal Reserve System.
B. They provide the economy with gold backed currency.
C. They provide a system of check collection and clearing.
D. They act as banker and fiscal agent for the U.S. government.
Answer: B
You might also like to view...
Economic theory is necessary and extremely important because of its relationship to economic policy.
Answer the following statement true (T) or false (F)
An oligopoly using a maximin strategy must believe that the losses from underestimating a competitor's skill are worse than those from overestimating it
a. True b. False Indicate whether the statement is true or false
Venture capital increases the pace of innovation.
Answer the following statement true (T) or false (F)
Refer to the accompanying figure. Relative to point B, at point C this restaurant is:
A. operating more efficiently. B. making more pizzas and fewer salads. C. making more pizzas and more salads. D. making fewer pizzas and more salads.