PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2013

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92.

The Federal Reserve System's structure is composed of

PGREF-671
A: Federal Reserve Board and the Federal Open Market Committee
B: Federal Reserve Board and the Federal Open Market Committee , twelve regional Federal Reserve Banks, numerous other private U.S member banks and varius advisory councils.
C: Federal Reserve Board and twelve regional Federal Reserve Banks located in major cities throughout the nation
D: Federal Reserve Board and the Federal Open Market Committee , twelve regional Federal Banks located in major cities throughout the nation

The answer is: B

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