2: bank subject to reserve requirements set by the federal reserve system include a: only nationally chartered banks b: only banks with assets less than $100 million c: only banks with assets less than $500 million d: all banks whether or not they are members of the federal reserve system

3: which of the following is functions is NOT performed by any of the twelve regional federal reserve banks? a: check clearing b: conducting economic research c: setting interest rates payable on time deposits d: issuing the new currency

4: which of the following is an entity of the federal reserve system a: the U.S Treasury Secretary b: the FOMC C: the comptroller of the currency d: the FDIC

5: members of the board of governors are a: chosen by the federal reserve bank presidents b: appointed by the newly elected president of the united states, as are cabinet positions c: appointed by the president of the united states and confirmed by the senate d: never allowed to serve more than 7-year terms

6: the majority of members of the federal open market committee are a: federal reserve bank presidents