All of the Following Are Functions of the Federal Reserve

question 73

Multiple Choice

All of the following are functions of the Federal Reserve System except to

• A) regulate the supply of money.
• B) insure commercial depositors' deposits when there is a bank closure.
• C) inspect U.S. currency.
• D) set margin requirements.
• E) be a clearinghouse for checks.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, often examined within social psychology and sociology.

Generalization

A principle in psychology that refers to the tendency of a response that is learned to one stimulus to be elicited by similar but distinct stimuli.

Unconditioned Response

An innate, automatic response to a stimulus that happens spontaneously, without the need for prior learning or conditioning.

Generalization

The process of applying the response to one stimulus to a different but similar stimulus, often used in learning and behavioral psychology.