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Which statement about the Federal Reserve (the Fed) is true? a Unless a person works there, the Fed has little impact on everyday life. b

Which statement about the Federal Reserve (the Fed) is true? a Unless a person works there, the Fed has little impact on everyday life. b The Fed has a hierarchy of leaders and members, including member banks. c The Fed determines the criteria banks must use to evaluate loan requests. d Because it is independent, the Fed reviews and approves the national budget

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