American Republics
Private Landowners Association

The below test is presented for entertainment and education purposes , without warrantee as to the correct answers provided, but with as request that anyone finding any proof that any question is wrong and bringing such to ARPLA attention will recieve a free gift for that public service.

Answer True or False

1.  The Federal Reserve System is an Agency of the Federal Government?

2.  The Fed has the exclusive authority to print and issue all U.S. currency?

3.  Interest on money loaned by the Fed to its member banks is used to reduce the Federal Draft?

4.  The Fed is restricted to an amount of currency it can print by a specified amount of gold held as reserves?

5.  The books of the Fed are audited on an annual basis and are of public record?

6.  The Fed is responsible for loan losses such as the banking debacle of the late 1980’s?

7.  Although the President appoints the chairman of the Federal Reserve Board, the Chairman acts independently?

8.  The Fed sets interest rates?

9.  The Fed confines its monetary activities strictly to the U.S.?

10. Americans can benefit from an understanding of how the Fed works?

ANSWERS TO: TEST YOUR FED IQ

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