What is the relationship between the Board of Governors of the Federal Reserve System and the 12 Federal Reserve banks?
Multiple choice question.
The 12 Federal Reserve Banks and the Board of Governors jointly control the lending activities of banks and thrifts.
The Board of Governors controls thrift institutions, whereas the 12 Federal Reserve banks control commercial banks.
The 12 Federal Reserve Banks guide the actions of the Board of Governors.
The Board of Governors directs the activities of the 12 Federal Reserve Banks. Multiple Choice Question
What is the relationship between the Board of Governors of the Federal Reserve System and the 12 Federal Reserve banks?
Multiple choice question.
The 12 Federal Reserve Banks and the Board of Governors jointly control the lending activities of banks and thrifts.
The Board of Governors controls thrift institutions, whereas the 12 Federal Reserve banks control commercial banks.
The 12 Federal Reserve Banks guide the actions of the Board of Governors.
The Board of Governors directs the activities of the 12 Federal Reserve Banks.
1 answer
The correct answer is:
The Board of Governors directs the activities of the 12 Federal Reserve Banks.
The Board of Governors has oversight and regulatory authority over the Federal Reserve Banks, ensuring that policies are implemented consistently across the Federal Reserve System.
