Title: QUIZ: Fostering Payment and Settlement System Safety and Efficiency -- Fed Functions Video Series
Course: Kelly's Copy-Export Course > Section: Fostering Payment and Settlement System Safety and Efficiency -- Fed Functions Video Series

Q: Which is an example of participating in the payment system?
- Paying your babysitter in cash
- Volunteering at a local non-profit
- Reviewing the stock market levels
- Clocking in and out of your job
A: Paying your babysitter in cash

Q: What do payment systems do?
- Facilitate financial transactions and purchases of goods and services
- Track personal finances so individuals can earn interest on savings
- Allow for the government to pay off its debt to foreign investors
- Facilitate the bundling of mortgage-backed securities
A: Facilitate financial transactions and purchases of goods and services

Q: What do the Federal Reserve Banks distribute?
- Paper currency and coins
- Stocks and bonds
- Mortgage-backed securities
- They don’t distribute anything
A: Paper currency and coins

Q: Who does the Federal Reserve act as a bank for?
- Lay people and investors
- Foreign countries
- Other banks and the U.S. government
- Private businesses
A: Other banks and the U.S. government

Q: What is the Fed responsible for developing?
- Regulations and supervisory policies for the payment systems
- New technologies for practicing electronic transfers of money
- An efficient way of buying and selling stock securely
- A system of properly and accurately collecting taxes
A: Regulations and supervisory policies for the payment systems