ICE. Choose the one alternative that best completes the statement or answers the question 1) The President of the United States appoints the A) members of the Board of Govenors of the Federal Reserve. B) directors of the Federal Reserve regional banks. C) presidents of the Federal Reserve regional banks. D) Federal Advisory Council. 2) Members of the Board of Governors serve 2) A) fourteen year terms B) at the discretion of the President of the United States C) four-year terms. D) at the discretion of the Federal Reserve Chairman 3) Which of the following was an objective of the framers of the Federal Reserve System? 3) A) Elimination of private-sector influence C) Executive branch power B) Consolidation of the banking industry D) Decentralized power 4) Marketable government securities consists of Treasury bills, 4) A) U.S saving bonds, and federal funds. C) Treasury bonds, and federal funds. B) Treasury notes, and U.S. savings bonds. D) Treasury notes, and Treasury bonds 5) A good purchase for an investor seeking a high degree of liquidity with minimal market risk would 5) be a U.S. A) Treasury bill. B) Treasury note C) Treasury bond. D) savings bond. 6) Which type of U.S. government security is a kind of zero-coupon security? 6) A) U.S. Treasury note C) U.S. Treasury bill B) U.S. Treasury bond D) Federal funds note ? 7) Most government securities transactions take place in the A) over-the-counter dealer market. C) futures market B) New York securities market. D) commodities market. 8) Almost all corporate bonds are sold through A) brokers. C) underwriting syndicates. B) auction markets. D) commercial banks. 9) 9) Which of the following usually has the highest yield at a given point in time? A) Municipal bonds C) Commercial paper B) Corporate bonds D) U.S. Treasury bonds