QUESTION 2 Which statement is false The Fed has no jurisdiction over insurance companies because it is the central bank Insurance companies are regulated on a state by stale basis Insurance companies played a big role in the crash of 2008 The McCarran Ferguson Act of 1945 said that insurance companies should regulated on a state by stato basis. QUESTION 3 Koy banking regulators - which of the following is not a bank regulator? O NASD The Fed (at you circle this one then you are in the wrong exam!) FDIC QUESTION 4 Banks intermediate the time preference between savers and borrowers by opening deposit accounts and then lending those out to borrowers, ho entered the market offering the same service except without opening deposit accounts since only banks can do that True False