Which of the Following Statements Concerning the Fed Is Incorrect

question 20

Multiple Choice

Which of the following statements concerning the Fed is incorrect?

• A)The Fed is the nation's central bank.
• B)The Fed acts as the banker's bank.
• C)Credit unions and savings banks must belong to the Fed.
• D)Virtually,all large commercial banks are Fed members.

---

Definitions:

Electroencephalogram

A test or record of brain activity produced by electroencephalography, showing the electrical activity of the brain.

Electromyogram

A diagnostic test that measures the electrical activity of muscles at rest and during contraction to assess their health and function.

Muscle Tension

A condition where muscles remain semi-contracted for an extended period, which may contribute to various physical discomforts.

Interpersonal Attraction

The force that draws individuals together, which can be based on factors like physical appearance, similarity, or familiarity.