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Which of the Following Is True Regarding the Federal Reserve

Question 64

Multiple Choice

Which of the following is true regarding the Federal Reserve System?


A) It consists of 12 regional banks
B) It is the primary institution responsible for fiscal policy
C) It is composed of members of the House and Senate banking committees
D) Its Board of Governors is elected by governors of the ten states with the greatest number of chartered banks
E) None of the above

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