The Federal Reserve System
I. is the central bank for the United States.
II. is a United States government owned bank.
III. is a branch of the Treasury of the United States.
A) I only
B) I and II only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

The Federal Reserve System is the central bank of the United States, but it is not a government-owned bank nor a branch of the Treasury. It is an independent entity within the government with both public and private components.