Which of the Following Statements Is Correct Regarding the Fed

question 60

Multiple Choice

Which of the following statements is correct regarding the Fed?

• A)Under the Federal Reserve System,there is one Federal Reserve Bank,located in Washington D.C.
• B)Under the Federal Reserve System,there is one Federal Reserve Bank whose location changes every 14 years.
• C)Under the Federal Reserve System,there is a Federal Reserve Bank in each Congressional district.
• D)Under the Federal Reserve System,there is a Federal Reserve Bank in each state.
• E)Under the Federal Reserve System,there are 12 Federal Reserve banks,one in each of the 12 Federal Reserve districts.

---

Definitions:

Surplus

An excess of production or supply over demand, often resulting in lower prices.

Cutting

The act or process of reducing something in size, amount, or extent.

Prices

The budget anticipated, required, or dealt in exchange for a commodity.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, achieving market balance.