In addition to the 12 Reserve Banks,25 branch banks have been established.
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Q7: The National Banking Act provides that national
Q9: The only bank asset that can be
Q10: Because of the National Banking Act, the
Q12: The Fed Board of Governors is composed
Q13: The Reserve Banks are private institutions owned
Q17: Open market operations involve the buying and
Q29: The ability to change reserve requirement is
Q33: The closer to the required minimum the
Q34: The Federal Reserve Advisory Council provides advice
Q40: The Federal Reserve Act of 1913 provided
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