Multiple choice question.
The 12 Federal Reserve Banks guide the actions of the Board of Governors.
The Board of Governors controls thrift institutions, whereas the 12 Federal Reserve banks control commercial banks.
The Board of Governors directs the activities of the 12 Federal Reserve Banks.
The 12 Federal Reserve Banks and the Board of Governors jointly control the lending activities of banks and thrifts
1 answer
The correct answer is:
The Board of Governors directs the activities of the 12 Federal Reserve Banks.
The Board of Governors is responsible for overseeing the Federal Reserve System, which includes setting policies that the 12 Federal Reserve Banks implement.
