Which of the Following Statements Concerning the Fed Is Incorrect

question 20

Multiple Choice

Which of the following statements concerning the Fed is incorrect?

• A)The Fed is the nation's central bank.
• B)The Fed acts as the banker's bank.
• C)Credit unions and savings banks must belong to the Fed.
• D)Virtually,all large commercial banks are Fed members.

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Definitions:

Digits

The fingers and toes of humans and other tetrapods, which are used for manipulation and sensing.

Tarsals

A group of seven bones in the foot that form the ankle and proximal part of the instep.

Brachial Region

The region of the upper arm or the extension of the shoulder to the elbow.

Upper Arm

The region of the arm between the shoulder and the elbow, containing muscles like the biceps brachii.