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Choose the correct statement: Group of answer choices The U.S. banking system consists of the Federal Reserve (Fed) and the banks and other institutions that

Choose the correct statement: Group of answer choices The U.S. banking system consists of the Federal Reserve (Fed) and the banks and other institutions that accept deposits, such as commercial banks, thrift institutions, and money market mutual funds. The Federal Reserve System includes the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee. The FOMC is the body within the Federal Reserve System that sets monetary policy All of the above

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