Which of the Following Is Not an Activity of Fed

question 12

Multiple Choice

Which of the following is not an activity of Fed district banks?

• A) clearing checks
• B) replacing old currency
• C) providing loans to depository institutions
• D) acting as an intermediary to match up lenders and borrowers in the stock market

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Definitions:

Abstractly

Pertaining to ideas or concepts that are not associated with any specific instance or physical objects.

Metaphors

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable.

Phonics Approach

An approach emphasizing that reading instruction should focus on teaching the basic rules for translating written symbols into sounds.

Whole-language Approach

An educational methodology that emphasizes the importance of context in reading literacy, promoting learning words as whole pieces of language rather than in phonetic parts.