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28 August, 10:19

The Federal Reserve System consists of which of the following?

a. U. S. Treasury Department and Bureau of Engraving and Printing

b. Federal Deposit Insurance Corporation and Controller of the Currency

c. Federal Open Market Committee and Office of Thrift Supervision

d. Board of Governors and the 12 Federal Reserve Banks

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Answers (1)
  1. 28 August, 10:36
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    Answer: Option (D)

    Explanation:

    Federal Reserve System is known to have a unique structure which is public and private. It is further characterized as an independent entity within the federal government instead of being completely independent of the federal government. Federal Reserve System has four main elements, these are as follow: Board of governors, Open Market Committee, Regional Federal Reserve Banks and its members.
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