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Which of the following is TRUE? Question options: (Option B is incorrect) ...

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Finance

Which of the following is TRUE?

Question options: (Option B is incorrect)

1)

The chairman of the Fed BOG is also chairman of the FOMC

2)

The presidents of the Federal Reserve banks elect the chair of the FOMC

3)

Open Market Operations are conducted at each of the 12 district banks

4)

The BOG sets interest rates in collaboration with the European Central Bank

One of the important provisions of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 is: [I] State banks can only adhere to the reserve requirements stipulated by their respective state banking commissions [II] All banks, whether or not they choose to be part of the Fed, are required to keep reserves with the Fed [III] Banks, which are members of the Fed, receive annual dividend yield of 6% [IV] All banks, whether or not they are members of the Fed, have access to the Fed's discount window and check clearing

Question options: (Option A is Incorrect)

1)

I, II, III

2)

II, III, IV

3)

I, III, IV

4)

Only III and IV

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