Multiple Choice
Which of the following is NOT a correct statement?
A) The country has 12 Federal Reserve districts.
B) The Federal Open Market Committee carries out open market operations.
C) A majority of private banks are not part of the Federal Reserve System.
D) The Fed chairman is appointed by the president for 14 years.
E) The Senate ratifies the president's appointment of the chairman of the board of governors of the Fed.
Correct Answer:
Verified
Correct Answer:
Verified
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