All of the Following Are Functions of the Federal Reserve

question 120

Multiple Choice

All of the following are functions of the Federal Reserve System EXCEPT

• A) to provide loans to developing countries.
• B) to supply the economy with fiduciary currency.
• C) to hold depository institutions' reserves.
• D) to act as the government's fiscal agent.

---

Definitions:

Manufacturer List Prices

The recommended retail price set by the maker of a product, indicating the price retailers are suggested to sell at to consumers.

Acronym

A word formed from the initial letters of a name or by combining initial letters or parts of a series of words.

FOB

Free On Board; a term in international commercial law specifying at what point the risk of loss shifts from the seller to the buyer.

Trade-In Allowance

The amount credited to the buyer by the seller when the buyer gives a previously owned product as part of the payment for a new product.