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Which one of the following parts of the Federal Reserve is considered to be privately owned...

Which one of the following parts of the Federal Reserve is considered to be privately owned by the banks in the area?

A.The 12 district banks
B.No part of the federal reserve system is privately owned. It is part of the government.
C.The federal open market committee
D.The board of governors
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Answer #1

The 12 district banks of the Federal Reserve is considered to be privately owned by the banks in the area. Hence, option(A) is correct.

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