Which of the following is NOT a core component of the Federal Reserve Bank? A.Board of Governors B.Regional Reserve Banks C.Federal Open Market Committee D.Department of the Treasury
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To answer this question we need to understand what federal reserve bank is, its functions and major components.
Federal Reserve Bank is the central banking system of the United States.
Its major function is :
1.) Offering financial services.
2.) Providing baking supervision.
3.) Implementation of Monetary policy especially during inflation.
The Federal reserve bank has the following major components.
A.) Board of governors which is the national component.
B.) Federal reserve banks which are the operating arms of the federal reserve bank.
C.)Federal open market committee.
D.) Advisory council.
From the information above, we can answer the question.
The answer is thus choice D which is :
Department of the treasury.
Federal Reserve Bank is the central banking system of the United States.
Its major function is :
1.) Offering financial services.
2.) Providing baking supervision.
3.) Implementation of Monetary policy especially during inflation.
The Federal reserve bank has the following major components.
A.) Board of governors which is the national component.
B.) Federal reserve banks which are the operating arms of the federal reserve bank.
C.)Federal open market committee.
D.) Advisory council.
From the information above, we can answer the question.
The answer is thus choice D which is :
Department of the treasury.
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