The capital stock of each Federal Reserve Bank:
A. is owned by the Board of Governors of the Fed
B. can be used in an emergency to provide funds for the Fed
C. is owned by members of the individual Federal Reserve Banks
D. has been reserved for purchase of the U.S. Treasury
Answer:C
The capital stock of each Federal Reserve Bank:
A. is owned by the Board of Governors of the Fed B. can be used in an emergency to provide funds for the Fed C. is owned by members of the individual Federal Reserve Banks D. has been reserved for purchase of the U.S. Treasury