What is a purpose of the Fed's administrative districts?
A) to monitor the member banks in their districts for violations of the law
B) to adjust interest rates on a regional basis
C) to set monetary policy for their districts
D) to provide the member banks in their districts with sufficient currency
E) to provide oversight on potentially risky loan practices

Question

Quizplus · Accepted Answer

The Fed's administrative districts provide member banks with sufficient currency and other services, ensuring smooth operation of the banking system within their regions.

What Is a Purpose of the Fed's Administrative Districts