Which of the following statements is correct?

Question

Quizplus · Accepted Answer

Federal Reserve district banks do pay dividends on their earnings to member banks, which own stock in the district banks. A is incorrect because the Federal Reserve district banks are privately owned but operate under government oversight. B is incorrect because member banks do receive a return on their stock ownership, in the form of dividends paid by the district banks. D is incorrect because while the board of each district bank includes bankers from the region, it also includes non-banker members appointed by the Federal Reserve Board of Governors.

Which of the Following Statements Is Correct