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The Federal Reserve System consists of ____________

a. one Federal Reserve Bank and 12 Federal Reserve districts, each with one commercial bank
b. a main central bank located in New York, with 11 additional branch banks located across the country
c. 12 Federal Reserve Banks, each of which has a degree of independence from the U.S. government.
d. 12 independent banks in the 12 Federal Reserve districts, each of which are owned and controlled by the federal government.

Sagot :

Answer:

Option C

Explanation:

The Federal Reserve System consists of the following

a) Board of Governors - It is a central authority located in Washington, D.C.

b) 12 Federal Reserve Banks -Federal Reserve Banks are decentralized or independent  and are also spread through out the USA.

Hence, option C is correct

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