Question

The role of the 12 Federal Reserve banks is to:

A. establish new Federal Reserve districts.
B. appoint the Federal Reserve Board of Governors.
C. set monetary policy for the United States
D. enforce federal rules on member banks.

Answer 1

Answer: D - Enforce federal rules on member banks

Explanation:

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Answer 2

The role of the 12 Federal Reserve is to enforce federal rules on member banks. hence, Option D is correct.

What do you know about Federal Reserve?

The United States of America's central banking system is called the Federal Reserve System.

The creation of Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized power in the monetary system to prevent financial crises following a string of financial panics.

hence,  The role of the 12 Federal Reserve is to enforce federal rules on member banks. Option D is correct.

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