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How many regional Federal Reserve Banks are there?

A10
B24
C16
D12
Answer & Solution
Correct answer: D. 12
1. Each supports banks in its district. 2. There are 12 regional banks. 3. Commercial banks elect their boards. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 14, Monetary Policy and Bank Regulation (CC BY 4.0)._
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