which of the following statements best describes the 12 federal reserve banks? course hero

What is the role of the Federal Reserve?

Transcribed image text: Which of the following statements best describes the 12 Federal Reserve Banks? They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare They are privately owned and publicly controlled central banks whose basic function is to minimize …

How many Federal Reserve Banks are there in the US?

Which of the following statements is correct? A) Federal Reserve district banks are owned by the government. B) Member banks receive no return on the stock they own in Federal district banks. C) Federal Reserve district banks pay dividends on their earnings to member banks. D) The boards of directors of the district banks are all local bankers.

What group sets the Federal Reserve policy on buying and selling?

What is the basic goal of the central banks?

What is FOMC in economics?

1913. In the U.S. economy the money supply is controlled by the: Federal Reserve System. As it relates to the Federal Reserve activities,the acronym FOMC describes the: Federal Open Market Committee. The Federal Open Market Committee (FOMC) is made up of: Seven members of the Board of Governors of the Federal reserve system, ...

What is the purpose of the legal reserve requirement?

The primary purpose of the legal reserve requirement is to: provide a means by which the monetary authorities can influence the lending ability of commerical banks. The reserve ratio refers to the ratio of a banks: capital stock to its total assets. The amount that a commercial bank can lend by is determined by its:

What are commercial banks' reserves?

The reserves of a commercial bank consist of: deposits at the Federal Reserve bank and vault cash. A commercial banks reserves are: Assets to the commercial bank and liabilities to the Federal Reserve Bank holding them. The primary purpose of the legal reserve requirement is to:

How many members are on the Board of Governors of the Federal Reserve?

The seven members of the Board of Governors of the Federal Reserve System are: Appointed by the President with confirmation of the Senate.