Asked by caswel mduduzi on Jul 25, 2024
Verified
There are ________ central banks that make up the Federal Reserve System.
A) one
B) five
C) ten
D) twelve
E) twenty
Central Banks
Institutions that manage a country's currency, money supply, and interest rates.
Federal Reserve System
The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and ensuring financial stability.
- Examine the architecture and purpose of the Federal Reserve System, including the responsibilities of central banking institutions.
Verified Answer
KA
Kaycee AlanisAug 01, 2024
Final Answer :
D
Explanation :
The Federal Reserve System is made up of twelve regional Federal Reserve Banks located in major cities across the United States.
Learning Objectives
- Examine the architecture and purpose of the Federal Reserve System, including the responsibilities of central banking institutions.