38 The Central Bank of the US is also known as a the FED b t

38. The Central Bank of the U.S. is also known as: a. the FED b. the bankers banks of America c. the first national bank of America d. the central bank is known as all of the above. 39. The Federal Reserve is made up of a. five b. six c. ten d. twelve districts 40. The chairman of the Federal Reserve is appointed by: a. Congress b. the President c. Congress in consultation with the President. d. none of the above

Solution

38.

A

It is the Federal Reserve or Fed, that is called as the central bank of the USA.

39.

D

There are 12 federal reserve districts that make the Federal Reserve.

40.

B

It is the president who appoints the person on this position.