Title: QUIZ: The Payments System -- The Federal Reserve and You
Course: Kelly's Copy & Export Course > Section: The Payments System -- The Federal Reserve and You

Q: One of the three main purposes of the Federal Reserve System is to promote the
- integrity, efficiency, and accessibility of the United States’ payment system.
- efficient, direct implementation of the nation’s fiscal policy.
- depository institutions’ demand for gold.
- public’s demand for U.S. Treasury securities.
A: integrity, efficiency, and accessibility of the United States’ payment system.

Q: The Federal Reserve System operates an electronic payment system known as _______________.
- MBASE
- FDIC
- ATM
- FEDWIRE
A: FEDWIRE

Q: The Federal Reserve System is involved in all of the following payment systems except
- cash.
- credit cards.
- electronic payments.
- check clearing.
A: credit cards.

Q: _________ are the official currency of the United States.
- Treasury bills
- Federal Reserve notes
- Government securities
- Reserve requirements
A: Federal Reserve notes

Q: The Federal Reserve Banks distribute both ___________ and ______________ to financial institutions.
- certificates of deposit; currency
- bills of exchange; coins
- coins; currency
- stocks; bonds 
A: coins; currency