The Five Components of the Federal Reserve System Include

question 91

Multiple Choice

The five components of the Federal Reserve System include:

• A)Member banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, Adlib Monetary Committees.
• B)Nonmember banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, Advisory committees.
• C)Member banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, Advisory committees.
• D)Member banks, Federal Reserve District Banks, Board of Governors, Federal Closed Market Committee, Advisory committees.
• E)none of the above

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Definitions:

Plaintiff

A party that initiates a lawsuit.

Defendant

One against whom a lawsuit is brought, or the accused person in a criminal proceeding.

Jurisdiction

The authority of a court to hear a case and decide a specific action.

Uniform Commercial Code

A set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.