ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7
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14
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12
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None of the above
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Detailed explanation-1: -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-2: -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-3: -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. These directors offer their private-sector perspectives, local business experience, community involvement and leadership to the Bank they serve.
Detailed explanation-4: -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-5: -01-Boston. 02-New York. 03-Philadelphia. 04-Cleveland. 05-Richmond. 06-Atlanta. 07-Chicago. 08-St. Louis. More items •24-Apr-2017