The Federal Reserve was structured around geographic locations, but with improved ....., the district banks can locate near the institiutions they serve.

FEDERAL RESERVE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Federal Reserve was structured around geographic locations, but with improved ____, the district banks can locate near the institiutions they serve.

A	airports
B	technology
C	currency
D	phones

Explanation:

Detailed explanation-1: -The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Detailed explanation-2: -In establishing the Federal Reserve System, the United States was divided geographically into 12 Districts, each with a separately incorporated Reserve Bank.

Detailed explanation-3: -The correct answer is B. Monetary policy is established by the Federal Open Market Committee. The Federal Reserve System has twelve Federal Reserve banks whereby there is one represented in each Federal Reserve districts.

Detailed explanation-4: -Supervising and Regulating Financial Institutions and Activities. The Federal Reserve promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

FEDERAL RESERVE