Question: (TRUE or FALSE) As stated in class among the (12) Federal Reserve Member Banks, membership is heavily skewed toward the east and northeast since member

(TRUE or FALSE) As stated in class among the (12) Federal Reserve Member Banks, membership is heavily skewed toward the east and northeast since member banks are located in: Boston, NY, Philadelphia, Richmond and Atlanta?

TRUE

FALSE

0.5 points

QUESTION 50

(TRUE or FALSE) In the event of a bank failure, luckily, the substantial amount of an individual's bank deposits up to $250,000, is insured and guaranteed to all depositors, by this independent agency of the U.S. government. This agency is called the INTERNATIONAL MONETARY FUND?

TRUE

FALSE

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