please answer three question Because they are related eachother.

Question 22

The Federal Reserve

	a.	Consists of 12 district banks
	b.	Includes 7 Board of Governors members
	c.	Sets policy through the Federal Open Market Committee
	d.	All of the above

Question 25

For investors having a long time horizon (i.e., 20-30 years) until the time they may need their investment funds, for a greater expected average return to their investment is better to invest their funds in

	a.	a)US Treasury bills
	b.	b)Bonds
	c.	c)Stocks
	d.	d)Commercial paper

Question 26

One of the important constraints faced by the government is

	a.	a)Low profits
	b.	b)Low sales
	c.	c)Low utility
	d.	d) Its limited budget