Which of the Following Is False

question 25

Multiple Choice

Which of the following is false?

• A)The Fed furnishes banking services to the government in a manner similar to the way private banks furnish banking services to their customers.
• B)The Fed clears Treasury checks, issues and redeems government securities, and provides other financial services.
• C)The Fed acts as the fiscal agent of the government in financial transactions with foreign governments and foreign central banks.
• D)The Fed acts as a super-central bank for other central banks around the world.

---

Definitions:

Overbook

The practice of selling or booking more of a service or product than is actually available, often used in the context of airlines and hotel reservations.

Hotel Chain

A company that administers, manages, and owns a number of hotels across different locations.

Cumulative Binomial Probability

The probability that a binomial random variable falls within a specified range.

Defective Balls

Items that fail to meet quality standards or specifications, often used in statistical quality control contexts.