ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Twelve Federal Reserve Districts operate independently but with supervision. Federal Reserve District boundaries are based on economic considerations; the Districts operate independently but under the supervision of the Federal Reserve Board of Governors .

Detailed explanation-2: -The quick answer to your first question is that the Districts were designed to provide central banking services on a regional basis through Reserve Banks headquartered in key financial centers. Even when they were set up in 1913, the Districts varied widely in the population and geographic areas they served.

Detailed explanation-3: -The New York Federal Reserve district is the largest by asset value. San Francisco, followed by Kansas City and Minneapolis, represent the largest geographical districts.

Detailed explanation-4: -Answer and Explanation: The answer is as follows: c. They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare.

Detailed explanation-5: -The seal contains a Federal eagle and shield, and branches of olive and oak (all symbols found on other federal seals). The twelve stars on the shield presumably represent the twelve federal reserve banks. Date. 1935.