How Are the Individual Federal Reserve Banks Organized

question 103

Multiple Choice

How are the individual Federal Reserve Banks organized?

• A) By size of financial institution members-small, medium, large, etc.
• B) By type of financial institution members-commercial banks, credit unions, etc.
• C) By geographical region-Southeast, Northeast, West, etc.
• D) By financial purpose-buying, lending, interest controlling, etc.
• E) By legislative districts-10th District of Massachusetts, 1st District of Colorado, etc.

---

Definitions:

Income Statement

A report detailing income and outgoings of a business for a set time frame, culminating in a profit or deficit.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments on outstanding debt from its operating earnings.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Market Price

The ongoing market value at which one can buy or sell an asset or service.