The Federal Reserve System is divided into 52 districts, 1 for each state, plus 1 for Washington, D.C., and 1 for Puerto Rico.
D.C., and 1 for Puerto Rico.
False; Basic

Question

Quizplus · Accepted Answer

The Federal Reserve System is divided into 12 districts, not 52. Each district includes multiple states and there is no specific district assigned to each state. Additionally, there is a Federal Reserve Bank located in each of the 12 districts, which includes Washington D.C. and Puerto Rico.

The Federal Reserve System Is Divided into 52 Districts, 1