The five components of the Federal Reserve System include:
A)Member banks,Federal Reserve District Banks,Board of Governors,Federal Open Market Committee,Adlib Committees.
B)Nonmember banks,Federal Reserve District Banks,Board of Governors,Federal Open Market Committee,Advisory committees.
C)Member banks,Federal Reserve District Banks,Board of Presidents,Federal Open Market Committee,Advisory committees.
D)Member banks,Federal Reserve District Banks,Board of Governors,Federal Closed Market Committee,Advisory committees.
E)none of the above

Question

Quizplus · Accepted Answer

The correct components are Member banks, Federal Reserve District Banks, Board of Governors, Federal Open Market Committee, and Advisory committees. None of the options listed correctly include all these components.

The Five Components of the Federal Reserve System Include