PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2013

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93.

Which of the following statements is wrong ?

PGREF-671
A: The U.S Government does not own shares in the Federal Reserve System or any of its component banks
B: The U.S. Government receives all of the system's annual profits after a statutory dividend of 6% on member bank's capital investment is paid and an account surplus is maintained
C: The U.S. Government also exercises any control over the Federal Reserve
D: The U.S. Government does not exercises any control over the Federal Reserve

The answer is: D