The five components of the Federal Reserve System include:
A)Member banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, Adlib Monetary 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. The other options either have incorrect names or include non-existent committees/organizations.

The Five Components of the Federal Reserve System Include