Which of the following is NOT considered one of the four groups in the Federal Reserve System?

Question

Quizplus · Accepted Answer

The Federal Deposit Insurance Corporation (FDIC) is not considered one of the four groups in the Federal Reserve System. The four groups are the Federal Reserve banks, the Board of Governors, the Federal Open Market Committee (FOMC), and the member banks of the Federal Reserve System. The FDIC is an independent agency that provides deposit insurance to protect depositors in case a bank fails.

Which of the Following Is NOT Considered One of the Four