16. The Federal Reserve can effect interest rates by all of the following except: a. The discount window b. The prime interest rate Reserve requirements d. Open market operations c. 17. When the Federal Reserve Bank conducts Open Market Operations where they buy securities from the market, the Fed is: a. Adding liquidity to the banking system. b. Draining liquidity from the banking system. C. Attempting to raise the Fed Funds rate. d. Investing their short-term money. 18. The Federal Reserve's policies require the approval of Congress before implementation. True. b. False. a. districts. 19. The Federal Reserve is divided into a. 8 b. 10. c. 12 d. 14. 20. Our currency, the dollar, is backed by: a. Gold b. Silver c. The Federal Reserve. d. The ability of the US government to tax. 21. All banks in the United States are members of the Federal Reserve. True. b. False. a. a. 22. In December 2021, LIBOR is to be transitioned out of the market and replaced by: AMERIBOR b. LIBOR II (London Interbank Offered Rate version II) c. Fed Funds (Federal Funds) d. Secured Overnight Funding Rate (SOFR) 23. A deposit held offshore of the country where it is domiciled is known as: a. Banker's Acceptance. b. Eurodollar Deposit. c. Repurchase Agreement. d. Commercial Paper. 24. Treasury Bills pay interest. True. b. False a. c. Repurchase Agreement. d. Commercial Paper. 24. Treasury Bills pay interest. a. True. b. False. 25. The Money Market is: a. Located in a building in New York. b. An over-the-counter market with participants connected electronically or by phone. On a futures exchange located in Chicago. C