The Powers of the Federal Reserve System Do Not Include

question 120

Multiple Choice

The powers of the Federal Reserve System do not include:

• A)the ability to buy and sell U.S.government securities.
• B)the ability to extend loans to commercial banks.
• C)the ability to provide deposit insurance for customers of member banks.
• D)the ability to impose reserve requirements on both member and nonmember commercial banks.
• E)the authority to clear checks.

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Definitions:

Surface

Pertains to the outermost layer or boundary of an object or space.

Tongue

A muscular organ in the mouth that is instrumental in tasting, swallowing, and speaking.

Phantom Sensations

The perception of sensations, often pain, in a limb that has been amputated, suggesting that sensory processing related to the limb persists in the brain.

Cortex

The outer layer of the brain, involved in numerous high-level functions, including sensation, perception, memory, association, thought, and voluntary physical action.