ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Number of Reserve Banks in a country is
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Two
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Three
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One
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Five
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Explanation:
Detailed explanation-1: -The Bank conducts the nation’s monetary policy and issues its currency. It seeks to foster financial system stability and promotes the safety and efficiency of the payments system. It also offers banking services to government.
Detailed explanation-2: -Policies set at the FOMC are carried out by the 12 Federal Reserve Banks. Each Reserve Bank has a board of governors to oversee its management and activities.
Detailed explanation-3: -The Reserve Bank of India has offices at 31 locations.
Detailed explanation-4: -Federal Reserve Banks The 12 districts are headquartered in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
There is 1 question to complete.