Solved

Which of the Following Is NOT True About the Federal

Question 40

Multiple Choice

Which of the following is NOT true about the Federal Reserve System?


A) It was established as a "bankers' bank."
B) The chair of the Federal Reserve was to be chosen in national elections every six years.
C) Participating banks named two thirds of its board of directors.
D) All national banks were required to belong to the system.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents