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eimsori [14]
4 years ago
7

10. Who owns the Federal Reserve System?

History
2 answers:
german4 years ago
4 0

10- member banks -gradpoint

IRINA_888 [86]4 years ago
4 0

Answer:  Member banks

               To protect board members from political pressures

Explanation:  Federal Reserve Bank was established by the Congress, meaning it is not owned by the Federal Government or any other government, so this bank is owned by bank members. Over the years, the influence of the bank's role has expanded.

The Board of Governors consists of seven Governors and their mandate lasts 14 years, staggered terms, in order to ensure stability and continuity. The Board finances its operations by assessing the Federal Reserve Banks, rather than through Congressional appropriation.

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