Question

The regional Federal Reserve Banks Question options: are not allowed to make loans to banks in...

The regional Federal Reserve Banks

Question options:

are not allowed to make loans to banks in their region.

regulate banks in their regions.

have more voting members on the FOMC than does the Board of Governors.

are each headed by a member of the Board of Governors.

D is not correct

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Answer #1

Correct Answer:

B

Regional Federal Reserve banks are made responsible for the regulation of banks in their region so that all the banks in 12 federal reserve districts of the USA, work in the same direction, helping economy and financial system to work properly.

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