The Twelve Regional Banks Created by the Federal Reserve Act

question 50

Multiple Choice

The twelve regional banks created by the Federal Reserve Act were

• A) unable to meet the monetary demands of business expansion.
• B) regulated by the Federal Reserve Board.
• C) owned by private banks.
• D) subject to state banking regulation.
• E) authorized to issue their own paper money.

---

Definitions:

Delusions

Fixed, false beliefs that conflict with reality, often occurring as symptoms of psychiatric conditions.

Indivisible Contract

A contract that cannot be divided and must be performed in its entirety.

Legal Parts

Essential components or sections of a legal document that determine its validity, structure, and enforceability.

Training Program

A structured schedule of activities designed to impart specific skills or knowledge to participants.