Which of the following is responsible for holding bank reserves?
A) The Federal Reserve Board of Governors.
B) The 12 regional Federal Reserve banks.
C) The Executive Branch of government.
D) The Fed chairman.

Question

Quizplus · Accepted Answer

The 12 regional Federal Reserve banks are responsible for holding bank reserves. They also oversee and regulate banks in their respective regions. The Federal Reserve Board of Governors and the Fed chairman play important roles in determining monetary policy and setting interest rates, but they do not directly hold bank reserves. The Executive Branch of the government has oversight over the Fed, but it is not directly responsible for holding bank reserves.

Which of the Following Is Responsible for Holding Bank Reserves