ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There are ____ Federal Reserve Banks.
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5
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10
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12
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15
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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: -The FOMC consists of 12 voting members-the seven governors, the president of the Federal Reserve Bank of New York, and four of the 12 Reserve Bank presidents who serve one-year terms on a rotating basis.
Detailed explanation-3: -01-Boston. 02-New York. 03-Philadelphia. 04-Cleveland. 05-Richmond. 06-Atlanta. 07-Chicago. 08-St. Louis. More items •24-Apr-2017
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