Question

The regional Federal Reserve Banks Group of answer choices are each headed by a member of...

The regional Federal Reserve Banks

Group of answer choices

are each headed by a member of the Board of Governors.

have more voting members on the FOMC than does the Board of Governors.

regulate banks in their regions.

are not allowed to make loans to banks in their region.

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Answer #1

The regional Federal Reserve Banks regulate banks in their regions.

Each of the 12 regional federal banks in the country are responsible for the commercial banks that fall under their jurisdiction in the region.

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