Question

The Federal Reserve System was conceived to avoid the government trend of having all significant power...

The Federal Reserve System was conceived to avoid the government trend of having all significant power concentrated in Washington DC. In reality, we see

Group of answer choices

a. these goals were met

b. the district banks in DC hold most of the power

c. the FOMC in DC has less power than the other parts of the Fed

d. most power is concentrated in DC anyway

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Answer #1

d. most power is concentrated in DC anyway

Explanation: The Federal Reserve governors are appointed by the president.

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