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There Are 12 Federal Reserve Districts

Question 26

Multiple Choice

There are 12 Federal Reserve districts. Why is the New York Federal Reserve bank given a permanent vote on the FOMC?
(i) New York is the home of the Open Market Trading Desk.
(ii) New York is the home of the New York Stock Exchange.
(iii) New York is the home of Wall Street.
(iv) The New York Federal Reserve district bank oversees a location with a very high concentration of financial transactions.


A) (iv) only
B) (ii) only
C) (ii, (iii) , and (iv)
D) (i) , (ii) , (iii) , and (iv)

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