Question

Banks that are members of the Federal Reserve have the benefit of

earning dividends from stock in the Federal Reserve.

voting rights on the Federal Open Market Committee.

appointment rights to the Board of Governors.

priority access to check-clearing services.

Answer 1

A

Answer 2

The part of the Federal Reserve with the most impact on the money supply is the

Federal Open Market Committee.

Federal Reserve Regional Bank.

Board of Governors.

Member Banks.

Answer 3

A