D Question 9 1 pts Which one of the following statements best describes the 12 F

Question

D Question 9 1 pts Which one of the following statements best describes the 12 Federal Reserve Banks? O They are privately-owned and privately-controlled central banks whose primary function is providing a wide and orderly market for buying and selling U.S. Treasury securities O They are privately-owned and publicly-controlled central banks whose primary function is minimizing the risks in commercial banking to help the banking industry be profitable O They are privately-owned and publicly-controlled central banks whose primary function is controlling the money supply and interest rates to promote general economic welfare. O They are privately-owned and publicly-controlled central banks whose primary function is helping financial institutions to earn stable profits and clear checks for these institutions.

Explanation / Answer

The FED is the central bank of the United States. These banks have been divided into 12 districts. The 12 feds are privately owned and publically controlled central banks. Like the central bank of every country, the prime of function of the FED is also to manage the money supply and interest rates and promote general public welfare.

Option c is correct.

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