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Question 41 Which of the following is true concerning the Federal Reserve's independence? Not yet answered Points out of 1.0 Flag question Select one a. The Fed is completely independent of the U.S. government O b. The Fed is regulated by the Federal Deposit Insurance Corporation O c. The Fed is dependent upon Congressional funding O d. None of the above Question 42 Which of the following statements is true concerning the National Banking Act of 1863? Not yet answered Points out of 10 Flag question Select one: O a. Established a U.S. central bank for the first time since the Second Bank of the United States b. Placed the United States on the domestic gold standard following the Civil War Oc Chartered numerous national bankes throughout the U.S. d. All of the above Question 43 Not yet answered The fed funds rate of lending is: Doints out of 10 Pag Gestion Select one a. Established directly by the Federal Reserve Board of Governors b. Charged for overnight funds borrowed by banks to meet reserve requirements c. Both of the above d. None of the above Which of the following describes recognition lag' in the monetary policy process? Select one The time between when a change is recognized and acted upon b. The time between policy implementation and impact The time between when a change occurs and is recognized d. The time between when a change is recognized and has an economic impact Quero 45 Why is the Fed's effective use of monetary policy limited by borrower resistance? Not yet wered Doints out of 10 Pag Gestion Select one a. Prospective borrowers may be unwilling to invest in additional assets, regardless of lower interest rates b. The Fed can only force some, but not all prospective borrowers to take out additional loans c. Both of the above d. None of the above

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