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Skysthelimit

  • 3 years ago

You have an account with Bank of America®. What is your bank’s role in the Federal Reserve? Non-member Depository Institution Federal Open Market Committee Federal Reserve Regional Bank Member Bank

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  1. Skysthelimit
    • 3 years ago
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    You have an account with Wells Fargo®. You cashed a check from your job on payday and requested newly minted currency. What Federal Reserve structure provides new currency to your bank? Federal Open Market Committee Federal Reserve Regional Bank Board of Governors Member Bank If Wachovia® needed to borrow money, the bank manager would contact the Federal Open Market Committee. Federal Reserve Regional Bank. Board of Governors. Member Bank.

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