Which of the Following Statements Is NOT True

question 135

Multiple Choice

Which of the following statements is NOT true?

• A) Each Federal Reserve Bank maintains its own discount window.
• B) Before 1980, the Fed rarely made loans to banks which were not members of the Federal Reserve System.
• C) Since 1980, all depository institutions have had access to the discount window.
• D) Each Federal District Bank can charge a different discount rate.

---

Definitions:

Cognitive Component

Relates to the mental processes involved in gaining knowledge and comprehension, including aspects of reasoning, perception, and judgment.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Sociological

Related to the study of the development, structure, and functioning of human society, including the analysis of social institutions and social relationships.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, albeit without the intent of the contracting parties to specifically benefit that individual.