choose the right answers for the following questions.

1. The people living on the island nation of Wacki-ki readily accept a certain type of seashell as payment for the goods and services they trade. For Wackians (the name of Wacki-ki natives), the seashells serve as money A) True B) False 2. The reserve requirement represents the interest rate charged by the Federal Reserve for government guaranteed student loans. A) True B) False 3. The Federal Reserve System was designed to prevent banking panics and develop the public's faith in the banking system. A) True B) False 4. Nonbanks-algo called nondeposit institutions, include commercial banks, pension funds and insurance-compaies A) Trie B) False 5. The FDIC insures deposits in banks and credit unions up to $100,000. A) True B) False 6. Corporations receive money each time their securities are traded. A) True B) False 7. Investment bankers assist in the issuing and selling of new securities. A) True B) False 8. The secondary market deals in the trading of securities among investors. A) True B) False