1.The Chairperson of the Federal Reserve Bank is appointed by the President of the United States and confirmed by the Senate.

a.True.

b.False.

The next questions address #38-#42.Match the money market instrument with the issuer/who backs the credit worthiness of the instrument:

a.The issuing Corporation

b.The issuing Commercial Bank

c.The US government/Treasury Department

d.Leading Banks in London

e.Unsecured, excess reserves that Commercial Banks deposit at the Federal Reserve