What does the U.S. Treasury get from the Federal Reserve Banks?

A. a credit card

B. a bill of attainder

C. a checking account

D. franking privileges

The correct answer is C

As fiscal agent for the U.S. Treasury, which of the following does the Fed not do?

A. sell, transfer, and redeem government securities

B. make interest payments on government securities

C. buy government securities directly from the Treasury

D. assist the Treasury in other ways with its securities

The correct answer is C

The Federal Reserve is responsible for the production of U.S. paper money and coin.

A. True

B. False

The correct answer is B

Which of the following is not a function that the Fed performs for the Treasury?

A. supplying paper money and coin to the public

B. serving as the government's banker

C. acting as fiscal agent

D. nominating a Secretary of the Treasury

The correct answer is D