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:

Cerebellum

A region of the brain that plays an essential role in motor control, coordination, precision, and timing of movements.

Elephant Brain

The brain of an elephant, known for its large size and high level of complexity, contributing to their advanced cognitive abilities and social behaviors.

Cerebellum

A part of the brain at the back of the skull in vertebrates, which coordinates and regulates muscle activity.