As Moving to another question will save this response. Question 1 GA Which of the following statements is NOT true regarding financial institutions? Financial institutions exist because they help reduce the transaction costs. Financial institutions exist because they help diversification. Financial institutions exist because they help mitigate asymmetric information problem. Financial institutions exist because they help create free riders. . ec D A Moving to another question will save this response. X N W Question Completion Status: AS Moving to another question will save this response. Question 2 Which of the following institutions is NOT a central bank for a country? . Bank of Japan. B. Bank of America. . Bank of England. ED The Federal Reserve System. A Moving to another question will save this response KN w Question 4 The voting members in the Federal Open Market Committee include: A the seven members of the Board of Governors and seven presidents of the regional Federal Reserve banks. the seven members of the Board of Governors and five presidents of the regional Federal Reserve banks. the five senior members of the seven-member Board of Governors. The twelve regional Federal Reserve bank presidents and the chairman of the Board of Governors. . C D