Q41H. Which of the following is not true about the
Federal Reserve System?
a. The Federal Reserve System consists of 12 regional Federal
Reserve Banks.
b. The Fed System is a department in the Executive Branch of the
U.S. government and the Fed chairman reports directly to the
President.
c. The Federal Reserve conducts U.S. monetary policy, supervises
and regulates banking in the United States, maintains stability in
the U.S. financial system, and provides financial services to the
government and...