The Federal Reserve System Consists of Which of the Following

question 193

Multiple Choice

The Federal Reserve System consists of which of the following?

• A) Federal Open Market Committee and Office of Thrift Supervision
• B) Federal Deposit Insurance Corporation and Controller of the Currency
• C) U.S. Treasury Department and Bureau of Engraving and Printing
• D) Board of Governors and the 12 Federal Reserve Banks

---

Definitions:

Separate Workers

The practice of segregating employees based on certain criteria, which can potentially lead to issues such as discrimination.

Job Simplification

The process of breaking down jobs into their simplest components and removing unnecessary tasks to increase efficiency.

Standardizing Work

The process of developing and implementing uniform procedures for tasks and operations to improve efficiency, consistency, and quality.

Highly Specialized

Pertaining to or involving specific expertise or focus on a narrow area of knowledge or activity, often requiring advanced skills or training.