Asked by Shubrenia Scott on May 08, 2024
Verified
Which of the following cities in NOT the location of a Federal Reserve Bank?
A) Salt Lake City
B) Kansas City
C) St.Louis
D) San Francisco
E) Boston
Federal Reserve Bank
The central banking system of the United States, which regulates the U.S. monetary and financial system.
Salt Lake City
The capital and most populous city of Utah, known for its historic significance to the Church of Jesus Christ of Latter-day Saints and its nearby saltwater lake.
Kansas City
a city located in the state of Missouri, known for its jazz heritage, cuisine, and cultural contributions.
- Elucidate the functions and responsibilities of the Federal Reserve System along with its organizational framework, encompassing the Federal Reserve District Banks.
Verified Answer
AP
Avadh PatelMay 15, 2024
Final Answer :
A
Explanation :
Salt Lake City does not have a Federal Reserve Bank. The other cities listed (Kansas City, St. Louis, San Francisco, and Boston) all have a Federal Reserve Bank.
Learning Objectives
- Elucidate the functions and responsibilities of the Federal Reserve System along with its organizational framework, encompassing the Federal Reserve District Banks.