Select the correct answer.
What is the responsibility of each of the twelve Federal Reserve’s banks in their districts?
A.
they set the prime rate
B.
they monitor the functioning of banks in their through onsite and offsite reviews
C.
they assess taxes in their district
D.
they write fiscal policies
The Federal Reserves are responsible for setting policy that can affect things like mortgage interest rates, stock prices and even our personal finances.
The answer is D, they write fiscal policies. Through the process of elimination, the answer becomes clear to us that D is the only one that would make any sense.
