To Say That the Federal Reserve Banks Are Quasi-Public Banks

question 239

Multiple Choice

To say that the Federal Reserve Banks are quasi-public banks means that

• A) they are privately owned but managed in the public interest.
• B) they deal only with banks of foreign nations and do not have direct business contact with U.S. banks.
• C) they deal only with commercial banks, and not the public.
• D) they are publicly owned but privately managed.