Because the Fed chairman draws the second highest salary of any official of the

Question

Because the Fed chairman draws the second highest salary of any official of the fede government. Because the Fed has regulatory power over all financial markets. Save Question 78 (1 point) Which of the folowing statements is correct? Federal Reserve district banks are owned by the government. Member banks receive no return on the stock they own in Federal district banks Federal Reserve district banks pay dividends on their earnings to member banks. The boards of directors of the district banks are all local bankers. Save Question 79 (1 point)

Explanation / Answer

Federal Reserve District banks are private government joint venture. These banks pay dividends to member banks.

Hence, right answer is “ Federal Reserve District banks pay dividend on their earning to member banks”

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