Which of the Following Statements Best Describes the 12 Federal

question 114

Multiple Choice

Which of the following statements best describes the 12 Federal Reserve Banks?

• A)They are privately owned and privately controlled central banks whose basic goal is to provide an ample and orderly market for U.S.Treasury securities.
• B)They are privately owned and publicly controlled central banks whose basic function is to minimize the risks in commercial banking in order to make it a reasonably profitable industry.
• C)They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare.
• D)They are privately owned and publicly controlled central banks whose basic goal is to earn profits for their owners.

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Definitions:

Central Nervous System

A major part of the nervous system that includes the brain and spinal cord, responsible for processing and sending out information.

Limbic System

A complex system of nerves and networks in the brain, involving various areas near the edge of the cortex concerned with instinct and mood. It controls the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Endocrine System

The body system consisting of a set of glands that regulate the activities of certain organs by releasing their chemical products into the bloodstream.

Electrochemical Transmission

The process of nerve cells communicating with each other through electrical signals and chemical neurotransmitters across synapses.