Which of the Following Is Not a Power of the Federal

question 73

Multiple Choice

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

• A)Setting the prime interest rate
• B)Issuing Federal Reserve notes
• C)Buying and selling U.S.government securities
• D)Extending loans to member banks
• E)Clearing checks

---

Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive assessment tool used to diagnose mental health disorders.

Lower Intelligence

A term indicating a below-average level of intellectual functioning, often measured by standardized IQ tests.

Reading Skills

The ability to understand, interpret, and derive meaning from written words and sentences.

Cross-cultural Research

A method of study that compares human behavior, beliefs, and practices across different cultures to identify universal features and cultural specifics.