The federal reserve banks are quasi-public institutions since they are owned by the private commercial banks in the district where the Reserve Bank is located.
The Federal Reserve machine is not "owned" via everybody. The Federal Reserve Act to serve as the state's central bank. The Board of Governors in Washington, is an organization of the federal government and reviews to and is directly responsible to the Congress.The Federal Reserve, the vital bank of the us, affords the state with a secure, bendy, and solid economic and economic system.
The federal reserve machine is owned and controlled through who? The federal reserve system is privately owned by the member banks themselves but is publically controlled via the federal government. seven governors are appointed by means of the president with senate popularity of staggered 14 year terms.
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The Federal Reserve Banks are ________ institutions since they are owned by the ________.
A) quasi-public; private commercial banks in the district where the Reserve Bank is located
B) public; private commercial banks in the district where the Reserve Bank is located
C) quasi-public; Board of Governors
D) public; Board of Governors
Hence the answer is option A.
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