Which of the Following Statements Is NOT True

question 80

Multiple Choice

Which of the following statements is NOT true?

• A)Each Federal Reserve bank maintains its own discount window.
• B)Before 1980, the Fed rarely made loans to banks which were not members of the Federal Reserve System.
• C)Since 1980, all depository institutions have had access to the discount window.
• D)Each Federal District Bank can charge a different discount rate.

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Definitions:

Optimal Distinctiveness Theory

A social psychology theory suggesting individuals seek to balance their need for uniqueness with their desire for belonging.

Need for Control

An individual's desire or requirement for autonomy and influence over their environment or situation.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with self-governance and independence.

Individualistic Societies

Societies that emphasize personal achievements, individual rights, and autonomy, as opposed to collective goals.