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Question 158

Any of the following foreign correspondents for which the Federal Reserve maintains an account EXCEPT:

A foreign bank

A foreign banker's Lessee

A foreign state

A foreign correspondent or agency

Correct Answer: C

The Federal Reserve maintains accounts for foreign banks, foreign bankers' lessees, foreign correspondents, or agencies. However, it does not maintain accounts for foreign states.

Discussion

Dex24Option: B

B, page 612 of the online book version.

Cam22Option: C

The Federal Reserve may maintain accounts for foreign banks, foreign bankers' lessees, foreign correspondents, or agencies. However, it does not typically maintain accounts for foreign states.