Question

What is the full name of the US central bank, known as the Fed?
Responses

the Federal Bank
the Federal Bank

the Federal Reserve Bank
the Federal Reserve Bank

the Federal Financial Institution
the Federal Financial Institution

the Federal Deposit Insurance Corporation

Answer 1

The U.S. central bank’s full name is the Federal Reserve System (commonly called the Federal Reserve or the Fed).
Of the options listed, “the Federal Reserve Bank” is the closest, though the formal name is the Federal Reserve System.