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Which of the following statements is true about the Federal Reserve? A. The Federal Reserve Board has seven Governors plus one Chairman. B. The voting

Which of the following statements is true about the Federal Reserve?

A. The Federal Reserve Board has seven Governors plus one Chairman.

B. The voting members of the Federal Open Market Committee (FOMC) are the seven Governors and the 12 District Bank presidents.

C. Of the Federal Reserve's three tools of monetary policy, the most frequently used is open market operations.

D. The District Banks regulate and the Board of Governors supervises the banking system.

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