Statement I: Trillions of Dollars Are Transferred Electronically Every Day

question 282

Multiple Choice

Statement I: Trillions of dollars are transferred electronically every day in the United States.
Statement II: In terms of dollars transferred,the main electronic network is run by the Federal Reserve.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Consciousness

Mental awareness (not to be confused with conscience).

John Locke

A 17th-century English philosopher and political theorist, recognized as a founder of modern philosophical empiricism and liberalism.

Amnesia

A condition characterized by the partial or total loss of memory, often due to brain injury, disease, or psychological trauma.

Mind

The set of cognitive faculties including consciousness, perception, thinking, judgement, and memory; it is the mental counterpart to the physical body.