金融市场与机构Madura第九版题库ch04.docVIP

Chapter 4 Functions of the Fed 1. Which of the following is not a major component of the Federal Reserve System? A) member banks B) Federal Open Market Committee C) Securities and Exchange Commission D) Board of Governors ANSWER: C 2. Of the nine directors of each Fed district bank, ______ are elected by member banks in that district. A) 0 B) 9 C) 6 D) 3 ANSWER: C 3. Which of the following is not an activity of Fed district banks? A) clearing checks B) replacing old currency C) providing loans to depository institutions D) acting as an intermediary to match up lenders and borrowers in the