1. Which of the following is NOT an entity of the Federal Reserve System?

A) Federal Reserve Banks

B) the Comptroller of the Currency

C) the Board of Governors

D) the Federal Open Market Committee

E) all of the above are entities of the Federal Reserve System4.

2. Which of the following is an entity of the Federal Reserve System?

A) the U.S. Treasury Secretary

B) the Federal Open Market Committee

C) the Comptroller of the Currency

D) the Federal Deposit Insurance Corporation

E) all of the above are entities of the Federal Reserve System5.

3. All ________ are required to be members of the Fed.

A) state chartered banks

B) national banks chartered by the Office of the Comptroller of the Currency

C) banks with assets less than $100 million

D) banks with assets less than $500 million

E) all of the above