The five components of the Federal Reserve System include:
A)Member banks,Federal Reserve District Banks,Board of Governors,Federal Open Market Committee,Adlib Committees.
B)Nonmember banks,Federal Reserve District Banks,Board of Governors,Federal Open Market Committee,Advisory committees.
C)Member banks,Federal Reserve District Banks,Board of Governors,Federal Open Market Committee,Advisory committees.
D)Member banks,Federal Reserve District Banks,Board of Governors,Federal Closed Market Committee,Advisory committees.
E)none of the above

Question

Quizplus · Accepted Answer

The five components of the Federal Reserve System include member banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, and advisory committees. Nonmember banks are not part of the Federal Reserve System and there is no Federal Closed Market Committee.

The Five Components of the Federal Reserve System Include