In what sense are district Federal Reserve Banks \"quasi-public\"? A. Federal ag

Question

In what sense are district Federal Reserve Banks "quasi-public"? A.   Federal agencies own shares in Fed district banks. B.   Member banks solely control the appointment of directors to the Fed district banks. C.   The president of the United States appoints professional bankers to serve as directors of the Fed district banks. D.   Member banks own shares, but may not own a controlling interest in the Fed district banks. E.   The Federal Open Market Committee (FOMC) solely controls the appointment of directors.

Explanation / Answer

D.   Member banks own shares, but may not own a controlling interest in the Fed district banks.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.