ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5
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10
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12
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21
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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 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-3: -The 12 Federal Reserve Banks and their 24 Branches are the operating arms of the Federal Reserve System. Each Reserve Bank operates within its own particular geographic area, or district, of the United States.
Detailed explanation-4: -The Fed’s structure was established in the Federal Reserve Act of 1913. As shown in the map below, the System has 12 regional banks that are named after the city in which the bank’s head office is located. The banks are overseen by the Fed’s Board of Governors in Washington, D.C.
Detailed explanation-5: -01-Boston. 02-New York. 03-Philadelphia. 04-Cleveland. 05-Richmond. 06-Atlanta. 07-Chicago. 08-St. Louis. More items •24-Apr-2017