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:

Space

The physically boundless three-dimensional extent in which objects and events occur and have relative position and direction.

Time

A continuous sequence in which events occur in succession from the past through the present to the future.

Effortful

Requiring considerable mental or physical effort.

Automatic

Automatic processes are cognitive functions that occur with little to no conscious awareness or effort, often enabling routine tasks or responses.