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jolli1 [7]
1 year ago
11

At the very top sits a Board of Governors. This includes seven

Law
1 answer:
Scilla [17]1 year ago
3 0

The excerpt above describes the structure of the Federal Reserve System.

<h3>What forms the Federal Reserve System?</h3>

The system has 3 key entities that includes the Board of Governors, the Federal Reserve Banks and Federal Open Market Committee.

Hence, the excerpt describing the network of 12 banks and 24 is about the structure of the Federal Reserve System.

Therefore, the Option D is correct.

Read more about Federal Reserve System

<em>brainly.com/question/7798250</em>

#SPJ1

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Without money, the US government could not pay debts owed from the Revolution or easily secure new funds. Foreign governments were reluctant to loan money to a nation that might never repay it. The fiscal problems of the central government meant that the currency it issued, called the Continental, was largely worthless.

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