There Are_____ Federal Reserve Banks Located Around the United States

question 52

Multiple Choice

There are_____ Federal Reserve Banks located around the United States.

• A)seven
• B)ten
• C)twelve
• D)fifteen

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Definitions:

Price Floor

A government or regulatory imposed minimum price above the equilibrium, typically set to protect producers or sectors from too low of prices.

Price Ceiling

A legal maximum price that can be charged for a good or service, above which it cannot rise.

Price Floors

Minimum price levels set by the government for certain goods and services, below which they cannot be sold.

Price Ceilings

A government-imposed limit on how high a price can be charged for a product or service.