The Federal Reserve System consists of ________.
A)eleven district banks and a board of governors
B)ten district banks and the FOMC
C)eleven district banks
D)twelve district banks and a board of governors
E)none of the above

Question

Quizplus · Accepted Answer

The Federal Reserve System consists of twelve district banks and a board of governors. Each district bank serves a specific region of the country and has its own president and board of directors. The board of governors, located in Washington D.C., is responsible for overseeing the entire system and making decisions on monetary policy.

The Federal Reserve System Consists of ________