What was the primary rationale for establishing 12 ‘branches’ of the Federal Res
ID: 2820625 • Letter: W
Question
What was the primary rationale for establishing 12 ‘branches’ of the Federal Reserve, U. S.’s ‘central’ bank?
provide feedback from the different constituencies across the country
as a political compromise in order to get the FED established in 1913
to keep the U. S. dollar strong
so that the FED could act as a ‘lender of last resort’
Only A & B
A.provide feedback from the different constituencies across the country
B.as a political compromise in order to get the FED established in 1913
C.to keep the U. S. dollar strong
D.so that the FED could act as a ‘lender of last resort’
E.Only A & B
Explanation / Answer
USA nation bank, Federal researve bank has total 12 branches in different states of USA. Primary Rationale behind establishing 12 branches of the Federal reserve is to provide feedback from the different constituencies accross country and helps in political comromise in order to get the Fed established in 1913.
Option (A) and (B) is correct answer.
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