Which of the Following Is Not a Function of the Federal

question 124

Multiple Choice

Which of the following is not a function of the Federal Reserve System?

• A) to clear checks
• B) to supervise member banks
• C) to serve as the lender of last resort
• D) to serve as a fiscal agent for the U.S. Treasury
• E) to serve as the government's tax collector

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Definitions:

Clutch Pack

A component of an automatic transmission consisting of multiple discs and plates that engage and disengage to change gears.

Clutch Free Pedal

The free downward travel of a clutch pedal during which the clutch release linkage takes up the 1/8 inch (3 mm) of free travel between the release forks and the clutch release bearing. After clutch free pedal has been taken up, the clutch begins to release as the pedal continues to be depressed. Clutch free pedal is correctly set at between 1½ and 2 inches (3.8 and 5 cm).

Release Yoke Fingers

Components in a clutch mechanism that disengage the clutch disc from the flywheel, allowing the transmission to shift gears.

Push Type Clutch

A clutch mechanism activated by pushing a pedal, which disengages the drive shaft to change gears or stop the vehicle without stalling the engine.