1. The early structure of the Federal Reserve was decentralized. A question requiring a 'True/False' answer.(Required) True False 2.The principal policy tool of the Federal Reserve System in influencing economic and financial conditions is deposit reserve requirements. A question requiring a 'True/False' answer.(Required) True False 3. Which of the following statements is true of the money multiplier? A multiple-choice question with one possible answer.(Required) 1. It identifies factors which explain changes in the monetary base 2. It reflects the effect on the money supply resulting from a change in the monetary base 3. It is a principal determinant of the monetary base 4. None of the above 5. All of the above 6. Added to the deposit multiplier it identifies total legal reserves