Question

QUESTION 20 One reason the Federal Reserve System was set up in 12 regional Federal Reserve banks was to _ maximize the prestige of the FRD of NY make sure all regions of the country were represented in monetary policy deliberations o insure more influence was given to New York and Dallas help make the FOMC more effective QUESTION 21 The twelve Federal Reserve banks advise on the ___ discount rate Reserve Reequirements Open Market Operations printing of currency

Answer 1

Question 20 answer:

One of the main reason the federal reserve system was set up in 12 regional banks is to make sure all regions of the country were represented in monetary policy deliberations

EXPLANATION:

It is to avoid  the power of a sole authority in a nation and also also in order to get full support to run in the nation the founders had deliberatly decenteralized the power to other 12 regional banks.  

Question 21 answer:

The 12 Federal reserve banks advise on the DISCOUNT RATE

EXPLANATION:

These banks supports monetary policy by ensuring all depository institutions including credit unions and mutual savings bank can access cash at discount rates. They also support in making of monetary policy. Collects regional datas which is very much helpful while creating policies.