Home › CIBN Banking Exams › Economics › Monetary Policy › Regional Federal Reserve banks supporting commer…
Regional Federal Reserve banks supporting commercial banks in their districts number:
A12
B10
C14
D20
Answer & Solution
Correct answer: A. 12
1. Each covers a defined geographic district.
2. Together they span the country.
3. There are 12 of them.
_Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._
Related questions
In March 2020 the Fed responded to the pandemic recession by reducing the federal funds:In the 1987 stock market crash, share values fell in a single day by about:Unlike most central banks, the Federal Reserve is described in structure as:Beyond policy, the central bank makes sure enough coins and notes circulate, meeting publiBesides open market operations, the Fed can change the discount rate and the reserve:An economy in recession with output below potential GDP calls for policy that is:Policy that raises interest rates and reduces borrowing is described as:Policy that lowers interest rates and stimulates borrowing is described as: