Question

The Federal Reserve is governed by a seven-member panel known as the Board of Governors.

True
False
17.
The Federal Advisory Council of the Federal Reserve decides if any changes to the money supply are needed.

True
False
18.
The Federal Reserve notifies Congress of the need for bank examinations when it becomes aware of poorly performing banks.

True
False
19.
The Federal Reserve conducts check-clearing services for all banks in the country.

True
False
20.
The Federal Reserve issues tax refund payments to citizens.

True
False