BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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San Francisco, California; Dallas, Texas; and Miami, Florida.
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Minneapolis, Minnesota; New York, New York; and Los Angeles, California.
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Chicago, Illinois; Kansas City, Missouri; and Richmond, Virginia.
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Houston, Texas; Cleveland, Ohio; and Atlanta, Georgia.
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Detailed explanation-1: -There are 12 Federal Reserve Banks, each of which is responsible for member banks located in its district. They are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
Detailed explanation-2: -The Twelfth Federal Reserve District covers the states of Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington, and serves American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The Federal Reserve Bank of this District is located in San Francisco.
Detailed explanation-3: -The Federal Reserve district banks are located in twelve cities which include; 1. Boston district bank covers Maine, New Hampshire, Rhode Island, Connecticut, and Vermont districts.
Detailed explanation-4: -Each of the 12 Federal Reserve Banks serves its geographic district in various ways, including, but not limited to, distributing paper currency and coins, processing automated electronic payments and monitoring commercial banks to ensure compliance with regulations and banking practices.