Question

The organization of the federal reserve- the institution that controls our money supply - can be described in terms of a pyramid. at the top of the pyramid is the . it is composed of seven members who are appointed by the to serve 14-year terms of office. from those seven, the the head of the federal reserve system. one step down in power is the . their job is to set in the united states, which means they influence the availability of money in the u.s. this portion of the hierarchy is made up of the in the united states. these are found all across the country in major cities. there are also , which make up less than 40% in the u.s. and the last part of the fed's organization can be categorized as , which include savings banks, savings and loans banks, credit unions. of course, at the base of it all, is the , who are all impacted by decisions of the federal reserve system.

Answer 1

Answer:

The organization of the Federal Reserve- the institution that controls our money supply - can be described in terms of a pyramid. At the top of the pyramid is the Board of Governors  . It is composed of seven members who are appointed by the President to serve 14-year terms of office. From those seven, the the head of the Federal Reserve System.

One step down in power is the Federal Open Market Committee  . Their job is to set monetary policy  in the United States, which means they influence the availability of money in the U.S. This portion of the hierarchy is made up of the 12 district banks  in the United States. These are found all across the country in major cities.

There are also “member banks”  , which make up less than 40% in the U.S. And the last part of the Fed’s organization can be categorized as “Other Depository Institutions.”  , which include savings banks, savings and loans banks, credit unions. Of course, at the base of it all, is the American people  , who are all impacted by decisions of the Federal Reserve System.