One of the Fed's Functions Is to Be the Government's

question 110

Multiple Choice

One of the Fed's functions is to be the government's banker.This function means that the

• A) Fed holds bank reserves
• B) Fed extends loans to the government whenever it spends more than it collects in tax revenues.
• C) government's checking account is at the Fed.
• D) all of the above

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Definitions:

Empirical Support

Evidence that is based on observation or experience rather than theory or pure logic.

Cognitive

Relating to cognition, involving the processes of thinking, understanding, learning, and remembering.

Activation-synthesis

A theory of dreaming that states dreams are created by the higher centers of the cortex to explain the activation by the brain stem of cortical cells during REM sleep periods.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep, often linked to a deficiency in the brain's regulation of wakefulness.